If you think about it, and make the most basic calculations, from 70,000 if it grows to 120,000 over the next 5 years, that's a CAGR of 11.38%, which is expected from the market in a growing economy like ours.
A massive reason for that is the fact that there is a trend of being bullish on India. India's real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, which is another positive macro indicator for the market to follow the upward trend.
Yes, a lot of people are saying that a correction will come along, but even with some turmoil, ups and downs are expected along the way, in general, if you zoom out, the market will go up and should reach this number in the near future.
What do you think? Tell us in the comments! Let's discuss it!
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