India is on a favourable growth trajectory, which will serve as a significant driving force for Indian equities shortly
FinTech BizNews Service
Mumbai, November 9, 2023: Shauryam Gupta, CEO of Rupeezy, a financial technology company in the stock broking space, has shared a perspective on the prospects of the market in the new Samvat 2080: “The Indian economy currently finds itself in a favourable growth position and is well-prepared to exhibit resilience in the face of global challenges. As we enter the new Samvat 2080, it promises an exciting year for the worldwide economy. This new period is marked by continuing higher interest rates over an extended period, fluctuating bond yields, geopolitical tensions in the Middle East, and volatile oil prices. On the domestic front, the outlook for the Indian economy appears particularly promising and bright. Despite the turbulence in the global landscape, India is on a favourable growth trajectory, which will serve as a significant driving force for Indian equities shortly. The improvement in the financial health of corporate India's balance sheets and the significantly enhanced state of the Indian banking system represent additional positive factors. These elements are poised to ensure that Indian equities consistently deliver double-digit returns in the next 2-3 years, supported by substantial double-digit earnings growth.”
