Prashant Jain says Indian equities can compound 12% to 15%
In short
Prashant Jain said Indian equities could grow 12% to 15% a year over the next 3 to 5 years. He tied that view to economic growth and company profits, not foreign money.
The comments matter for investors watching Indian markets and tax debates. The available reporting does not give his full explanation of the long-term capital gains tax comments.
What the reporting says
Prashant Jain said Indian equity markets can deliver a 12% to 15% compound annual growth rate over the next three to five years, according to the CNBC TV18 Market summary. He linked that view to economic growth and corporate profits rather than foreign capital, and said India has outgrown dependence on overseas money. The reporting does not include his full comments on long-term capital gains tax.
Why it matters
The publisher-supplied summary says veteran fund manager Prashant Jain expects Indian equities to compound at 12% to 15% over the next three to five years, driven by economic growth and corporate profits. He also said India is less dependent on foreign capital than before. The available reporting does not provide his detailed remarks on the current tax structure, so that part of the discussion remains incomplete.