NEW DELHI: Indian equity markets retain a positive long-term outlook, backed by a normal monsoon, sustained policy reforms, government capex, and the financialization of savings— which continue to underpin India’s growth trajectory, according to PL Wealth, the wealth management arm of PL Capital (Prabhudas Lilladher).

In its Market Outlook – September 2025, the report notes that India’s GDP for Q1 2025-26 surprised on the upside at 7.8 per cent year-on-year, aided by robust manufacturing, front-loaded government capex, and a favorable deflator, outperforming expectations of 6.9 per cent.

The outlook has been further buoyed by the GST rationalization effective September 2025, which is expected to lift growth by 0.2-0.3 per cent, spur consumption, and ease inflationary pressures.

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