Indian Economy's Growth Outlook Remains Strong, Says Edward Yardeni

Edward Yardeni, President, Yardeni Research told NDTV Profit that current oil prices appear sustainable and India remains one of the strongest growth stories globally, backed by resilient economic fundamentals and robust corporate earnings. While acknowledging that Indian equity valuations remain elevated and stocks could become cheaper going forward, Yardeni said the country's long-term growth prospects remain intact, with recent GDP data highlighting the economy's resilience. He also noted that US corporate earnings have come in much better than expected, helping support the broader global market outlook.