Bajaj AMC completes three years, sees structural megatrends shaping India`s next growth phase
* India’s GDP growth is projected 6.7% in 2027, ahead of global growth.
* EVs, AI, data centres, manufacturing and premiumisation emerge as key growth megatrends.
* Earnings, credit growth, and government capex shape the FY27 market outlook; MF AUM projected at Rs130.5 lakh crore by FY30 (18.6% CAGR).
Mumbai, September 4, 2026: As Bajaj Asset Management Limited (formerly known as Bajaj Finserv Asset Management Limited) marks three years of Megatrends Investing approach, the company at its Annual Market Symposium 2026, highlighted the structural changes that could shape India's next phase of growth and wealth creation. The symposium focussed on India's macro resilience, financialisation of savings, and on the long-term opportunities across tech, manufacturing, consumption, and energy. India continues to remain one of the faster-growing major economies as it continues to outpace major economies, with the IMF projecting GDP growth of 6.7% in 2027, compared with global growth of 3.4%. Early trends point towards an acceleration in corporate earnings, with Q1FY27 revenue, EBITDA, and PAT growth for the Nifty 50 of 17%, 17% and 19%, respectively. BSE 500 companies recorded corresponding growth of 17%, 20% and 23%.
Speaking at the symposium, Ganesh Mohan, Managing Director, Bajaj Asset Management Limited, said, “India is at a very interesting point today. We are seeing steady economic growth, consumption is holding up well, and companies are becoming much more globally competitive. At the same time, India is diversifying its trade relationships and becoming more integrated with the global economy. So, when we put all of this together, we see a long-term structural story building up for India, with opportunities emerging across sectors.” Near-term market conditions could be supported by improving credit growth, indicating stronger lending activity among banks, and a potential improvement in market sentiment, which could help lagging market segments catch up.
Near-term market conditions could be supported by improving credit growth, indicating stronger lending activity among banks, and a potential improvement in market sentiment, which could help lagging market segments catch up. Road ahead: Megatrends shaping India’s growth Bajaj Asset Management Limited believes that India’s next phase of wealth creation may be shaped by long-duration megatrends. The themes include technology, AI, energy transition, electric vehicles, data centres, semiconductors, manufacturing, premiumisation and wellness. Nimesh Chandan, Chief Investment Officer, Bajaj Asset Management Limited, adds,” India’s next phase of growth is likely to be shaped by three interconnected megatrends: domestic consumption, artificial intelligence and manufacturing. Rising incomes, urbanisation, formalisation, and wider access to credit are expanding demand across financial services, housing, travel, healthcare, discretionary products, and digital services.
AI, meanwhile, will have an impact far beyond technology companies. Its adoption can improve productivity, decision-making, customer experience, and operating efficiency across industries. It is also driving demand for data centres, power infrastructure, semiconductors, automation, physical AI, and robotics. India can participate both as an adopter and as a supplier of the capabilities and infrastructure enabling this transition. In terms of manufacturing, we are likely to see a resurgence in this sector as it caters to both domestic as well as global demand.” Bajaj Asset Management Limited believes several megatrends remain in the early stages of evolution and could create new pools of economic activity and consumption. These include EVs and battery energy storage systems, physical AI and robotics, data centers and semiconductor manufacturing, aerospace and defence, recycling, premiumisation and wellness, engineering-goods manufacturing, and the commodity Supercycle.
Market outlook for September 2026
Looking ahead, Bajaj Asset Management Limited expects the economic outlook to improve in FY27, with steady earnings from domestic-focused companies, a favourable fiscal and monetary environment, continued government spending on infrastructure and reasonable valuations among large-cap stocks. Stabilising FDI and FII flows, improving agricultural conditions and valuations in select small-cap and mid-cap stocks could further improve the market outlook.
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