“We are already in the midst of a good investment cycle unfolding in India supported by a strong post-Covid demand resurgence that has taken capacity utilization levels to new highs. With bank and corporate balance sheets now in relatively better shape, we think this cycle can maintain strength,” says Taher Badshah.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026