Anil Rego: India's Growth to Surprise in FY26 Q3-Q4, Despite Volatility

• Anil Rego predicts India's growth will pleasantly surprise in Q3-Q4FY26, driven by an easing earnings downgrade cycle.
• Brent crude below $60 acts as a significant tailwind, reducing macro pressures and allowing policy flexibility for growth.
• Union Budget 2026 is expected to focus on targeted support and reform-led measures rather than a broad stimulus.
• India's valuation gap has narrowed; rising earnings visibility, not just valuation, could attract FPIs in 2026.
• Key investment themes for the next decade include Wealth Management, Defense, EMS-OSAT, Consumer Discretionary, Healthcare, and Renewable Energy.

Why It Matters: India's growth outlook for FY26 Q3-Q4 remains strong, driven by domestic factors and strategic investments.