business π India's economy booming, but top stocks are lagging
India's quarterly economic growth hit 7.8% in the June quarter, defying global slowdowns. This strong performance is happening across India, while key stock benchmarks are underperforming globally. Morgan Stanley and Citi raised their growth forecasts for India to 7.3% for the year ending in March 2027. The disconnect stems from Nifty 50's reliance on slower financial and IT sectors. Mid- and small-cap stocks are showing much stronger growth, indicating a shift in economic momentum. π