New Delhi, Oct. 20 -- India Inc.'s top executives expect earnings to pick up only in the second half of FY26, but a majority of them suggest that the GST boost to consumption has been overestimated even as the domestic economy stays resilient amid global uncertainty, according to Mint's fifth quarterly market survey.

Of 36 fund managers, CEOs, and research heads surveyed between 10 and 15 October, around 83% of the respondents, including those from Kotak Securities and Emkay Global, expect the September-quarter earnings growth to remain moderate and broadly in line with projections. Policy-led momentum is likely to pick up only from the December quarter.

"Despite global headwinds, India's domestic growth remains resilient. FY26 will be ...