India’s headline equity index, the Nifty50, could nearly double to 50,000 within the next six to nine years and reach the milestone anytime before 2035, Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, said, laying out three distinct timelines based entirely on how price-to-earnings multiples move from here.
Speaking at the 22nd Motilal Oswal Annual Global Investor Conference in Mumbai, Agrawal said there is a high probability of Nifty hitting 50,000 anytime before 2035.