Raamdeo Agrawal sees long-term opportunities as India enters new growth cycle

Market veteran and Motilal Oswal Financial Services Chairman Raamdeo Agrawal believes India’s economy and equity markets are entering a new structural growth cycle, offering long-term opportunities but warranting caution and selectivity in stock picking.

In a post on X (formerly Twitter), Agrawal noted, “India’s economy and markets are entering a new structural growth cycle. This phase feels different to me—stronger, deeper, and more sustainable.”



At the same time, he urged investors to exercise prudence and adopt a selective approach while building their portfolios. “One needs to be selective in their investment approach and carefully evaluate companies with good corporate earnings and a better outlook,” Agrawal added.

Emphasizing the wealth creation potential for investors, Agrawal noted that the current environment provides significant opportunities for those with a longer investment horizon.

“For long-term investors, there are opportunities for wealth creation,” he wrote.

Agrawal, who is widely followed for his insights on equity markets, underlined that while the growth cycle appears robust, sustainable returns would depend on careful stock selection and focus on corporate fundamentals.

His remarks drew reactions from market followers and commentators online.

An account on X commented, “Select a few great businesses, be patient, and let compounding do the heavy lifting because real wealth comes from wisely sitting, not from constant acting.”

Another user also weighed in, noting that structural cycles go beyond mere sentiment, stating, “Yes, structural cycles require fundamental changes beyond market sentiment. The increase in retail participation demonstrates confidence, but selectivity remains key as valuations become stretched. The focus on corporate earnings quality and the durability of business models should also be more important than overall market optimism.”

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)