'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'

The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.

The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.

Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.

Stick to export-focussed plays, large-caps, say analysts

The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.

Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts

'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'

'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'

These are companies with a strong track record and good prospects on earnings.

Ten stocks that can reap you a fortune

When there is panic, you get an opportunity to get your hands on some of the good stocks.

Over the past two decades, India has evolved economically as well as from the market's perspective.

'There is no change in the overall story of economic recovery.'

India Inc did not perform well during December quarter.

When big offers hit the market, broader indices corrected 2-4%

These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.

Experts believe there are more such decisions in the offing, which along with a recovery in economic growth and India Inc.