India is in the middle of a cyclical slowdown; Nifty earning growth in FY25 to be slowest post Covid: Pankaj Murark

Pankaj Murarka, CIO of Renaissance Investment, argues that India lacks sufficient growth drivers, resulting in a slowdown to around 6.5% this year, down from 8% in FY24. A significant growth surge next year seems unlikely, with any recovery expected to be modest, around 6.5%, over the next six quarters.