印度股票策略-2025 年回顾与 2026 年开年新投资者调研速览-India_Equity_Strategy_Quick_Look_Back_at_2025__New_Investor_Poll_to_Kick_Off_2026

Vi e w p o i n t | 01 Jan 2026 18:32:56 ET │ 15 pages CITI'S TAKE Indian equities underperformed both EM and DM in 2025 (~27%/13%). In 2026, we think earnings growth trajectory is likely improving, aided by Financials (bottom-up estimates reflect recovery across Consumer & Industrials as well). Further, decent risk-reward should support NIFTY/MSCI India returns (relative valuations, potential US trade deal, global equity broadening beyond AI enablers etc). In 2025, FII outflows reached US$18bn; DII inflows ...