π Nifty 50 could hit 50,000 before 2035?
Raamdeo Agrawal predicts the Nifty50 could nearly double to 50,000 sometime before 2035. This projection was made by Agrawal at the 22nd Motilal Oswal Annual Global Investor Conference in Mumbai. The timeline depends on P/E multiples, suggesting 6 to 9 years based on different valuations. This bullish view is backed by surging retail participation, as demat accounts grew from 40 million to 234 million. Domestic flows are strong enough to sustain the market despite sharp pullbacks from FIIs.