Anchor rate of corporate earnings growth

@Moderators - I am creating a new topic because I do not know where else to post this. If there's a better place you may hook it there.

Folks,

We often hear analysts, commentators, experts talk about earnings growth of 15 - 17% annually and base their Sensex and Nifty guidance based on that. But do earnings, on aggregate, really grow by that much? Or more? Or less?

I did an analysis to figure out what the 'anchor rate of growth' should be and posted it on a friend's blog. I am attaching the same here. AnchorErngGrwth_25112015.pdf (531.8 KB)

Comments are welcome.