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We are baking in 15% earnings growth for India in next couple of years: Sunil Koul, Goldman Sachs
Goldman Sachs predicts higher market levels in Asian equities, driven by earnings recovery and rotation into largecaps and quality stocks. India offers structural growth opportunities with double-digit earnings growth and favorable macro conditions. The 20% move in the index for last year was entirely driven by the underlying earnings and if you looked at the aggregate multiples, that for the index is actually flat year-on-year.