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India valuations fair, earnings key to upside over next 12 months: Mark Matthews

Indian equity markets are poised for steady, healthy growth, driven by the gradual payoff of fiscal and monetary stimulus. While global markets face volatility, India's lack of an AI boom may position it as a favored diversification destination for cyclical exposure. Expect earnings-led returns rather than valuation rerating.

18 Dec 2025 2:01 pm