Sanger Stays Cautiously Optimistic on India as Earnings Revival Becomes the Key Market Test
Arvind Sanger, Managing Partner at Geosphere Capital Management, said India remains an attractive market but warned that the global liquidity backdrop is unlikely to improve materially from here. That leaves earnings growth, rather than easy money, as the main driver for any sustained rerating in Indian equities. His comments underscore a shift in investor focus from abundant global liquidity to fundamentals, with the next leg of market performance likely hinging on corporate profit revival, domestic demand resilience and valuation discipline.
