Indian equities could give 15% annual returns over next 5 years: Raamdeo

Veteran investor Raamdeo Agrawal said Indian equities could give annual returns of around 15% over the next five years. "I see this economy growing at about 7.5-8.5%, with corporate profits growing at more like 13-14%. So the index itself should give 12-14%," he said. Indian equities could remain range-bound before entering the next leg of growth, he added.