Posted 11/22/2023, 1:38:00 PM
Indian Stocks Forecast to Hit Record Highs in 2024 on Robust Economic Growth
- Indian stocks forecast to hit new highs in next 6 months and gain over 10% by end of 2024 as economy expands
- Stocks expected to be driven higher by sustained growth as India has one of the fastest growing major economies
- Current price-to-earnings ratio of Indian market is high compared to regional peers, making it expensive
- Poll shows strong consensus of analysts believing Indian stocks will reach new record highs soon
- Value stocks expected to outperform growth stocks over next 6 months as interest rates remain high