In the near term, the key driver will still be the government's fiscal spending.
Market experts believe the retreat is because of uncertainty.
'The government has used the current macro situation to its advantage.'
The country imported 9.31 million tonnes (mt) of steel in FY15.
India is its second-biggest market in terms of geographical presence
After electronics and fashion, the next retail segment is food business.
In the December quarter, Sensex earnings had contracted 5 per cent.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
Bank of Baroda has relatively better position on impaired assets.
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
Infosys, HCL might fare marginally better than TCS.
Analysts worry about possible loan waiver.
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
Companies from the capital goods space will under-perform.
Companies shipping to Europe to see rupee revenues coming under pressure.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
Parekh ensures that he never forgets the importance of correctness.
The markets are in bubble territory.