Indian equities can deliver double digit returns in 2-3 years: Axis Securities

Indian equities can readily deliver double-digit returns in the following two-three years with the assist of double-digit earnings progress, says Pranav Haridasan, MD and CEO, Axis Securities.

Amid a risky international panorama, India stays in a beneficial place for progress, which shall be a big driving power behind Indian equities in the foreseeable future. The enchancment in the steadiness sheet energy of company India and the much-improved well being of the Indian banking system are different constructive attributes, he stated.

The Indian economic system at the moment finds itself in a candy spot of progress and is well-poised for continued resilience in the face of world challenges. Samvat 2080 shall be fairly an interesting 12 months to be careful for the worldwide economic system, Haridasan added.

“We embark on this new Samvat with a story marked by ‘Higher for Longer’ rates of interest, risky bond yields, geopolitical conflicts in the Middle East, and fluctuating oil costs. However, on the home entrance, the prospects for the Indian economic system seem notably brighter and extra promising”, he stated.

(With inputs from IANS)