New Delhi, July 7 -- InCred has released its latest outlook on the Indian economy and equity markets, identifying a mixed macroeconomic environment while spotlighting high-conviction stock ideas. The firm observed that while rainfall and kharif sowing trends remain favourable, weak industrial data and slowing loan growth suggest near-term headwinds. InCred has added NTPC to its conviction list, while removing Petronet LNG, Birla Corporation, and Ultratech Cement due to sectoral challenges.

InCred said India received above-normal southwest monsoon rainfall in June 2025, with precipitation coming in 8.9 percent above the long-period average (LPA). The early monsoon coverage supported a strong 11 percent year-on-year rise in kharif sowing, ...