Updated: 16 Dec 2025, 21:55 IST
For nearly three decades, market veteran Raamdeo Agrawal has been publishing his annual Wealth Creation Study, a project that began in 1996 as a simple 25-slide statistical review that happened to bring Hero MotoCorp to his attention. In the early years, it was mostly data collection with a few market observations. But by the mid-2000s, the study evolved into a thematic survey that was shaped by the investment books Agrawal was immersed in at the time. Every year, one influential book – from value migration to quality investments – has anchored a study that has been rigorously tested against data from the Indian market. Agrawal, chairman and co-founder of Motilal Oswal Financial Services, broke down the highlights of this year’s study, shared his outlook for India over the next few years, and explained why he believes the country is only going to get richer. He also spoke to us about which stocks and sectors he thinks are likely to see the next boom in India – watch!
