All the Right Turns: India's Defining Moment

A Challenging Past Decade The past decade has been challenging times for investors investing in India's equity markets. Returns have been volatile due to many global and domestic factors. From December 2007 to March 2020, the BSE Sensex's CAGR return of 3.1% (in terms of price change) echoed of unfulfilled promises despite the structural positiveness and scope of opportunity which the country offered.

2020's Rally Covid 19 hit in March 2020, and much to many's suprise, India's equity markets outperformed most of its peers. While some investors may have missed a large part of the rally, there are others who are sitting on profits and are on the fence on whether to liquidate or hold.

Yet one common thought persists - What will happen next?

Our analysis shares our outlook on current state of India macros and markets, factors which we believe may lead to an outperformance of equity markets and why we believe the stage is set for a repeat of 2003-2010 economic cycle.

We hope our analysis is a good read and provides you a "Guiding Light" with respect to all your investment decisions in India.