Indian stock market projected 12-15% return next year

The Indian stock market is expected to return 12-15% over the next year, according to Chakri Lokapriya of LGT Wealth India. This follows a slowdown in corporate earnings, which dropped from 15-20% to 8-10% due to high interest rates and upcoming elections. The Reserve Bank of India is anticipated to cut interest rates by 50 basis points in April and June, which may help stabilize the market. Earnings growth is projected at 12-14% for the next year, with a focus on industrial, IT, and export sectors. Despite recent declines in stock prices, the market is nearing its bottom. Investors may see volatility in the short term, but a rally could begin in about three months as corporate earnings improve.