New Delhi. Global rating agency Moody's has predicted positive performance of Indian stock markets in the next one year. The rating agency has said that during the next 12 months, the BSE benchmark index Sensex can cross the level of 82 thousand and it will increase by 14 percent from the current level.

Policy reforms will continue

The rating agency has said in its latest report that the next decade will belong to India. The report says that the most important aspect of the victory of the BJP-led NDA is that policy reforms will continue. This will affect growth and equity returns during the next five years. The agency believes that the government will continue to focus on inflation aggression.

Structural reforms expected

The report said the market expects more structural reforms in the coming days. The report said companies will outperform with earnings growth forecasts by 2025-26 being 500 basis points or five percentage points higher than consensus.

The agency has said in the report that India will account for about 20 percent of global growth in the coming decade. This will be helped by the growing demand for India's services and goods around the world. This will increase manufacturing in India. Along with this, the country's advanced digital infrastructure will get a boost.