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Market veterans weigh valuation risks as India heads toward 2026
Market experts remain divided on whether India is in a bubble, with some warning of valuation excesses while others cite earnings growth and structural tailwinds supporting the equity outlook into 2026.
Debate around Indian equity valuations has intensified as several market veterans assess whether current levels signal excessive optimism. While some experts flag stretched valuations in pockets such as smallcaps and momentum-driven stocks, others argue that strong earnings growth, domestic inflows, and structural reforms provide support. Forecasts for 2026 remain mixed, with caution advised on stock selection, balance sheet quality, and valuation discipline rather than broad market timing calls.