Foreign flows needed for market outperformance: Pranav Haridasan, MD and CEO, Axis Securities

India’s valuation gap with emerging and global markets has narrowed, offering a margin of safety for investors, said Pranav Haridasan, MD and CEO, Axis Securities. A favourable macroeconomic environment, strong domestic liquidity, and an improving earnings outlook position Indian equities for a resilient recovery. Edited excerpts: