
Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Financial Services, believes Indian markets could be scraping the bottom, with the worst of the geopolitical and market-related pressures potentially behind them. In an exclusive conversation with Business Today Television, Agrawal says the downside from current levels appears limited, while the upside could be significantly larger. He sees the possibility of 40 - 50% returns over the next two to three years, provided earnings momentum sustains, and describes the risk-reward equation as highly favourable for investors. Could the Nifty reach 35,000 over the next three years? Agrawal also discusses global uncertainty, softer oil prices, rupee weakness and the potential return of foreign investor confidence as India's earnings outlook strengthens.