BofA: India Equities, Cautious Now, Bullish Long-Term

  Published 1 year ago

BofA Global Research is cautiously optimistic on Indian equities. While near-term valuations are high and global growth is a concern, they see strong long-term potential driven by nine structural factors. Despite this, the Nifty 50 is up ~5% YTD.

  • High valuations & global slowdown pose near-term risks.
  • Nine structural drivers fuel a long-term growth outlook.
  • India's past returns strong, 7% CAGR in dollar terms.

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