Why Indian Stocks Are Stagnant Despite GDP Growth | Expert Analysis

In this exclusive discussion, Rajeev Thakkar, CIO & Director of PPFAS Mutual Fund, explains the Indian equity market’s performance over the past year and what it means for both new and seasoned investors. With the number of retail investors growing rapidly from pre-COVID levels of 4 crore demat accounts to nearly 20 crore today, many are experiencing a sideways market for the first time. Thakkar highlights the cyclical nature of equities, emphasizing that stock prices are ultimately driven by earnings. He also discusses why corporate profitability has been subdued despite strong GDP growth, citing intense competition and margin sacrifices across sectors. This video is a must-watch for anyone looking to understand long-term investment strategies in India and how to navigate periods of market stagnation.