India, Nov. 26 -- India's equity markets are entering a structurally stronger phase one defined less by liquidity and more by earnings recovery, corporate resilience, and steady domestic participation.

Over the next 5-7 years, outlook for equities remains constructive, supported by improving fundamentals, fair valuations, and balanced investor sentiment. The current market conditions suggest that India is still in the middle of a multi-year bull phase rather than nearing the end of one.

Recent research analysing earnings cycle, valuations, and sentiment indicates a market that is fundamentally healthy and midway through its expansion. On the earnings front, corporate profitability has seen a sharp revival-corporate profit-to-gdp ratio h...