New Delhi, Sept. 24 -- 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 ...