Raamdeo Agrawal Predicts Sensex Could Reach 3 Lakh by 2036, Calls India a 'Ferrari' Market
Sensex to hit 3 lakh by 2036? Raamdeo Agrawal says India is the 'Ferrari' among markets, here's why
The Economic TimesImage: The Economic Times
Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, predicts that India's Sensex could reach 3 lakh by 2036, driven by strong earnings growth and rising financial participation. He highlights India's potential for multi-bagger stocks, comparing it favorably to other markets like South Korea.
- 01Agrawal compares India's market to a 'Ferrari', citing its robust growth potential.
- 02He projects the Sensex could hit 1.5 lakh by 2030 and 3 lakh by 2036.
- 03India's market capitalization has compounded at nearly 14% annually over the last two decades.
- 04Agrawal emphasizes the importance of patience and conviction in long-term investing.
- 05He draws parallels between India's quick commerce sector and the early telecom boom.
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Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, expressed confidence in India's stock market during the Groww India Investor Festival 2026, referring to it as a 'Ferrari' among global markets. He highlighted the Sensex's impressive growth from 100 to over 80,000 points over the past 40 years, projecting it could reach 1.5 lakh by 2030 and potentially 3 lakh by 2036. Agrawal noted that India's market capitalization has compounded at nearly 14% annually in dollar terms over the last two decades, significantly outpacing the 7% growth of the US market. He emphasized the importance of identifying fast-growing companies and the role of patience in achieving substantial returns, citing that most wealth creation occurs in the final years of long-term investments. Agrawal also drew comparisons between India's quick commerce industry and the early telecom sector, suggesting that similar growth could be expected. He maintains a strict investment philosophy, avoiding companies with a return on equity below 20% and emphasizing the need for quality management. His insights reflect a bullish outlook on India's economic trajectory, driven by rising retail participation and structural growth trends.
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Agrawal's bullish outlook suggests that increasing participation in India's financial markets could lead to more opportunities for investors and wealth creation.
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