Shreyash Devalkar in an interview to ET Now said that the Indian macroeconomic environment remains robust, supported by low interest rates, manageable commodity prices, and a contained fiscal deficit. He notes that the GDP numbers for FY25 and Q4 have aligned with expectations. Additionally, flows from the US into emerging markets are aiding liquidity, keeping Indian markets buoyant. However, Devalkar warns that despite this strong setup, market valuations remain elevated, calling for a cautious, stock-selective approach.
