Sensex Poised for 3 Lakh by 2036, Says Raamdeo Agrawal

In a bold projection that underscores the potential of the Indian stock market, Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, has predicted that the Sensex could reach 300,000 by 2036. Speaking at the Groww India Investor Festival 2026, Agrawal likened India's market to a 'Ferrari'—fast, efficient, and capable of delivering exceptional returns. Despite global economic uncertainties and the rapid evolution brought about by artificial intelligence, Agrawal remains optimistic about India's long-term wealth creation capabilities. He emphasized that India's financial sector is on a robust growth trajectory, driven by rising financialisation and a strong compounding story. The country's burgeoning middle class, increasing urbanization, and digital transformation are key factors contributing to this growth. Agrawal also highlighted the potential for generating multibagger stocks, which are stocks that can multiply in value over time, providing substantial returns to investors. As India continues to integrate more deeply into the global economy, its markets are poised to benefit from increased foreign investment and technological advancements. This optimistic outlook is not without challenges, as global market volatility and geopolitical tensions could pose risks. However, Agrawal believes that India's economic fundamentals are strong enough to weather these challenges. For investors, this means that India remains a promising destination for long-term investment, with the potential for significant returns. As the world navigates through economic shifts, India's market stands out as a beacon of opportunity, offering a blend of stability and growth potential.