Bull run will last for 'very, very long time', says Rakesh Jhunjhunwala

Annual equity returns from Indian stocks will be about five percentage points, says ace investor.

Annual equity returns from Indian stocks will be about five percentage points on top of the economic growth of 7%-10% in coming years, according to billionaire investor Rakesh Jhunjhunwala.

Known locally as India’s Warren Buffett due to his penchant for equity investing, Jhunjhunwala is counting on the nation’s potential for long-term growth and political stability to fuel further gains in the $3 trillion stock market that’s already been hitting record after record this year.

His bets range from banks and health insurance -- which he says will be boosted by the pandemic -- to a broad consumer rally on the