Earnings growth of large-cap companies is expected to be healthy, he said.
Overall earnings growth for large-cap companies in calendar year 2025 appears promising, Kulkarni said. The Indian markets are expected to achieve healthy growth, he said.
“Fundamentally, the growth that the Indian markets is expected to deliver is well understood and appreciated by the investors,” he said.
Investors are particularly interested in identifying sectors that can deliver significant growth, as India has a history of recognising and partnering with growth opportunities before they become apparent, he said.
Kulkarni emphasised that there is a clear focus on areas such as energy transition, infrastructure monetisation, and consumer fintech, as well as other emerging businesses within the digital and physical banking frameworks. The key question is how these companies will grow and capture market share, he said.
