Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24: Standard Chartered
India’s financial market assets including equities, private markets, bond yields, are expected to benefit structurally from a favourable macroeconomic backdrop over the next few years. According to a report by Standard Chartered, India’s corporate profit cycle remains the strongest since the 2004-08 cycle as the benchmark Nifty index EPS grew at an average 20 per cent between FY21 and FY23 and is expected to grow by a further 18.7 per cent and 16.6 per cent in FY 2024 and 2025 respectively.
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