Indian Stock Market (File)
– Photo: ANI
Expansion
Rating agency Moody’s claims that investors can get up to 14 percent return in a year from the Indian stock market. The Bombay Stock Exchange’s Sensex can cross 82,000 during this period. This will be India’s longest and strongest bull market till date. The Sensex is currently close to 77,000.
According to Moody’s report, the Indian stock market is continuously making new heights. Now it remains to be seen how the market can be taken up physically. There is a possibility of policy changes in the new government. This may surprise the market. This decade will be India’s decade in the third term of Prime Minister Narendra Modi.
The report said that with the BJP-led National Democratic Alliance (NDA) coming back to power, the market expects that policy decisions will remain in place. These decisions will affect growth and equity returns in the coming five years. We believe that the government may continue to focus on macro stability to maintain policy.
The market can expect structural reforms
According to the report, with the continuity of the government, the market can expect structural reforms. Macro stability along with rising GDP growth should drive India’s better performance compared to emerging markets. Moody’s had earlier revised India’s GDP growth forecast for 2024-25 to 6.8 per cent.
There will be positive change in five years
Important decisions in the last decade include policy reforms, focus on reducing inflation, GST law, bankruptcy code, RERA and lower corporate tax rates as well as various social reforms and infrastructure. With Modi 3.0 coming to power, there could be a lot more positive structural change in the next five years.