Can the Sensex really hit 100,000 by 2024?

This is not the first time that analysts have come out with such stratospheric forecasts. In 2014

In a recent interview to Economic Times, Mark Galasiewski of Elliot Wave International has reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024. From the current 30,750 levels of the Sensex, this mindboggling target is almost 69,250 points, or 225% away.

“In April 2009, I gave The Economic Times a long-term forecast, a 15-year forecast of Sensex 100,000 by 2024 and I see no reason to change that or update that forecast,” Galasiewski said. READ ABOUT IT HERE

This is not the first time that analysts have come out with such