Archive · 21 Aug 2026
Rajesh Kothari Sees Indian Markets Past Their Worst Phase
Rajesh Kothari thinks Indian markets may be improving.
He points to three important changes.
Banks and other lenders are seeing faster credit growth.
People’s spending may also be starting to recover.
Companies are increasing their capital spending.
Together, these trends could help businesses earn more money.
Kothari believes this could support stock markets over the next six to 12 months.
However, global risks and market volatility could still cause ups and downs.
Rajesh Kothari believes Indian equities may be entering a more favorable phase.
He identifies accelerating credit growth as one factor supporting his bullish outlook.
A recovery in consumption is another factor that could strengthen corporate earnings.
Renewed momentum in capital expenditure may also support the market.
Kothari expects markets to remain broadly positive over the next six to 12 months despite global risks and volatility.
- Who
- Rajesh Kothari, who offered a bullish view of Indian equities.
- What
- Indian equities may be entering a more favorable phase after the worst of the downturn.
- When
- Over the next six to 12 months.
- Where
- Indian markets.
- Why
- Accelerating credit growth, recovering consumption and stronger capital expenditure could support corporate earnings.
- Analyst
- Rajesh Kothari
- Market discussed
- Indian equities
- Outlook
- Broadly positive over the next six to 12 months
- Factor one
- Accelerating credit growth
- Factor two
- Signs of consumption recovery
- Factor three
- Momentum in capital expenditure
- Risks
- Global risks and continued volatility across asset classes