Neelesh Surana: Short-term equity uncertain; long-term growth from consumption, investment, policy

• Neelesh Surana of Mirae Asset MF finds short-term equity market prediction difficult despite strong performance and improving macro conditions.
• He maintains a cautious but constructive outlook for Indian equity markets towards 2026.
• India's long-term growth is supported by structural factors like rising per capita income, favorable demographics, and expected job creation.
• Consumption and investment are identified as the primary drivers for India's long-term economic momentum.
• Policy stability, fiscal discipline, and a focus on growth reinforce confidence in India's structural economic trajectory.

Why It Matters: It reveals India's strong long-term growth prospects despite short-term market uncertainty.