New Delhi, July 27 -- PL Wealth remains constructive on Indian equities over the long run, pointing to the country's "demographic profile, rising domestic investment, a deepening financial system, diversifying supply chains and improving energy security as the pillars of that view."

PL Wealth's latest Market Outlook - July 2026 report noted that India's underlying economic engine is running steady even as crude prices, a softer rupee, and persistent foreign selling create near-term turbulence, pushing the firm to recommend a selective approach to equities.

The report cited a provisional FY26 GDP of 7.7 per cent, with the Reserve Bank of India now projecting a slower growth rate of 6.6 per cent for FY27. Manufacturing and services activi...