New Delhi, July 18 -- Expert view on Indian stock market: Mayur Patel, President and Fund Manager- Listed Equity, 360 ONE Asset, is positive about the Indian stock market for the long term, even as he points out that the current valuation is stretched. In an interview with Mint, Patel underscored that while near-term corrections can't be ruled out, India's fundamental story remains strong and is an 'add-on dips' story. Here are edited excerpts of the interview:

While Q1 earnings remain weak, the outlook is actually encouraging. Consumer demand is poised to rebound after a prolonged slowdown.

Tax reliefs, interest rate cuts, and enhanced liquidity amid cooling inflation should help revive consumption.

Credit growth, currently subdued, i...