Ridham Desai’s Big Claim on Bullish Indian Markets and Headwinds Ahead

At the Republic India Economic Summit, Ridham Desai, Managing Director and Chief India Equity Strategist at Morgan Stanley, shared an optimistic view on the continuing bull run in Indian markets. He pointed to strong domestic demand, major government reforms, RBI rate cuts, and India’s expanding role in global output as core triggers for sustained momentum. Desai advised a stock-pickers approach with preference for financials and domestic cyclicals, predicting that the corporate earnings slowdown is nearing its end and that Indian equities could see a re-rating despite short-term global uncertainties.