In this edition:
  • India market update
  • RBI turns pro-growth – will bold rate cuts spark India’s next investment cycle?
  • Q&A can Indian market justify its valuation? 

India's economy continues to demonstrate resilience, with GDP growth remaining strong and inflation easing to multi-year lows. The Reserve Bank of India has adopted a pro-growth stance, implementing bold rate cuts and liquidity measures to support economic recovery and investment momentum.

Corporate earnings have largely met expectations, with sectors like healthcare, capital goods, and PSU banks* showing robust performance. Meanwhile, questions around equity valuations persist, as India's market capitalization grows in line with its economic expansion.

What are the implications of these developments for long-term investors, and how is India positioning itself as a global growth engine?

Continue reading the full article

Discover our solutions

* PSU Banks or Public Sector Undertaking Banks in India are banks in which the Government of India or a state government holds a majority stake. These banks are owned and operated by the government, and their primary objective is to provide banking services to the public while supporting the country's economic development.

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 30 June 2025. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results. 

Date of first use: 30 June 2025
Doc ID: 4612440