Indias earnings cycle turns the corner; double-digit growth expected in H2: Jyotivardhan Jaipuria

Indias Q2 earnings came in slightly better than expected, and analysts now see a meaningful rebound ahead. Valentis Advisors Jyotivardhan Jaipuria expects double-digit earnings growth in H2, led by banks, pharma, capital goods and consumer discretionary. With GST-driven pent-up demand, improving margins and FPI selling likely to ease, Indias equity outlook is turning more optimistic.