Ajay Bagga: GST, Rate Cuts To Drive Markets Towards Fresh Record Highs

In an exclusive conversation with Business Today TV, Ajay Bagga said India’s markets, after a year of underperformance, are poised for a significant turnaround in the next 12 months. With RBI’s 100 basis point rate cut, income tax relief, and fresh GST reforms, he expects banks and financials to recover steadily, though IT may take longer. Bagga noted that India has lagged both emerging and developed markets, which often precedes strong outperformance. He also pointed to ongoing government efforts on deregulation and ease of doing business as structural positives. By 2025, he expects markets to hit fresh all-time highs.