New Delhi, June 2 -- Indian equities are well-positioned for a strong performance over the next year, supported by an expected acceleration in earnings growth, improving sentiment and attractive valuations, according to a latest report by Morgan Stanley.

In its India Equity Strategy Playbook for Asia Pacific, titled "Bottom May Be Behind Us," the global brokerage said that Indian corporate earnings are entering a fresh upcycle and could sustain momentum for several quarters.

"India earnings are once again in the throes of an upcycle," the report said, adding that the expected growth acceleration could continue beyond near-term challenges due to strong capital spending across sectors such as energy, defence, semiconductors, fertilisers a...