Mumbai, Dec. 3 -- India's strong economic fundamentals and accelerating growth momentum are creating a favourable environment for equities, according to a report released by Kotak Mutual Fund.

The report highlights multiple indicators, from rising per capita GDP growth to fiscal prudence, strong manufacturing output and robust retail demand, that point towards a positive and resilient investment outlook for the country.

Kotak Mutual Fund noted that India's per capita GDP growth is outpacing major Asian peers. Between 2014 and 2024, India recorded an average growth rate of 8.56 per cent in per capita GDP (PPP), significantly higher than Indonesia at 5.83 per cent, the Philippines at 6.22 per cent, and Vietnam at 7.90 per cent.

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