BusinessPrashant Jain Predicts 40-50% Returns for Indian Stocks in 3 Years
Veteran fund manager Prashant Jain forecasts Indian equities could deliver 40-50% returns over the next three years, citing improved risk-reward after a prolonged market correction. In his September 2026 letter, he expects foreign institutional investor selling to ease by mid-December, potentially enabling a market recovery. Despite a 12.4% Nifty 50 decline and $58 billion FII net selling since 2024, India's economy grew about 7.5% annually in FY25 and FY26.
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