Shibani Sircar Kurian concludes that India remains well placed on domestic macro parameters, supported by a combination of policy push, strong monsoon, and rising consumption. She expects corporate earnings to improve in the second half of the year, with largecaps offering the most attractive opportunities. While midcaps may offer selective plays, she cautions that smallcaps look expensive. The only key overhang, she warns, remains the uncertainty around global tariffs and trade tensions.