Forget US Elections, Watch Oil Prices! Raamdeo Agrawal's Big Message On India's Growth Story

Has global investor sentiment towards India weakened, and what will it take to revive confidence? Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Financial Services, discusses foreign investor outflows, domestic institutional buying and India's market valuations in an exclusive conversation with Siddharth Zarabi, Group Editor, Business Today, and Sakshi Batra, Business Today. Agrawal argues that market direction is ultimately driven by earnings growth and interest rates, not merely by who is buying or selling. With valuations at 18 - 19 times earnings and a promising earnings cycle ahead, he sees an attractive domestic market backdrop. He also identifies stable geopolitics, smoother global trade and crude oil prices around $70–75 as key factors that could help India sustain 7.5 - 8% economic growth.