Rakesh Jhunjhunwala, Partner, Rare Enterprises has said that he sees positive indications from the market and expects growth in the coming future.

He said that investors are expecting the interest rates to finally go down in the country. He expressed that there is a belief in the markets that now the interest rate cycle has turned. Interest rates are already at all time low in other countries including those in Europe and this has helped improve liquidity, which in turn might help might boost economic growth.

Jhunjhunwala pointed out that if the earnings growth is good then the market might record sound growth in the coming future. "What is more important in the earnings is the consistency of growth. If next year we get 15-16% returns and if by June, July or August, there is consensus that the year after will see another 15-17% rise, then the markets will perform very well," he said.

He noted that the Chinese economy is expected to perform better and the US economy is also showing healthy signs of recovery. As for growth in BRICS nations, he said that the growth in these countries is complementary.