We expect interest rate cuts to start only towards end of 2025: Niket Shah, CIO, Motilal Oswal Mutual Fund

The top 200 companies in India have seen margin expansion of 500 basis points from their lows in 2020. Going forward, given the weakness in macro and no margin expansion, we expect the earnings growth to remain below 10% for 2024-25, Niket Shah, CIO, Motilal Oswal AMC, tells Sanket Dhanorkar in an interview.