New Delhi, Nov. 28 -- Asian equity markets are trading at attractive valuations, and amid this, India is poised for strong gains because of rising corporate profits as it continues to offer compelling opportunities compared to global peers, according to a report by UBS.

Highlighting India, the report said the country stands out as one of the key beneficiaries in Asia, supported by improving business cycles and rising corporate profits.

It stated, "Beyond mainland China, India should benefit from rising corporate profits".

The report adds that regional valuations remain appealing as Asian markets trade at a discount, supported by a benign macro outlook across the region and a weaker US dollar.

It stated, "Positive AI capex developments...