India’s recovery story is gaining traction, with easing risks and brighter fundamentals supporting the road ahead.
Indian equities had a challenging 2025, with the MSCI India Index returning 3% in US dollar terms versus the broader emerging market region’s gain of 30.6%. This underperformance was one of the widest relative gaps in several years. While India continues to be among the fastest-growing economies globally, its GDP growth has moderated from 8-9% to around 7%.
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