Indian companies have seen the steepest earnings cuts in Asia, with forward 12-month estimates for large and mid-cap firms down 1.2% in two weeks, LSEG IBES data shows. Weak quarterly results, sluggish growth, and U.S. tariffs of up to 50% on exports have pressured outlooks. Sectors like autos, capital goods, food, and consumer durables faced the sharpest downgrades. Analysts warn tariffs could trim India’s GDP growth by 1 point, especially hurting textiles. While PM Modi’s tax reforms may cushion consumption, India has slipped from the most-favoured to least-preferred Asian equity market among global fund managers.

Source: Moneycontrol