Expert view: Indian stock market to deliver healthy double-digit returns over medium term, says Bajaj Life's CIO

Bajaj Life's CIO Srinivas Rao Ravuri is optimistic about the Indian stock market, expecting healthy double-digit returns over the medium term driven by a recovery in corporate earnings. Consensus estimates suggest Nifty 50 earnings could grow at around 15% CAGR over the next two years, supported by improving domestic demand, moderate inflation, and lower interest rates. Valuations have reset closer to long-term averages after two years of consolidation, and oil price moderation has reduced the downside earnings risk from an earlier estimated 7-8% to around 2-3%.