In the first two articles of this series - Part 1 and Part 2 - Duro Capital's Nishchay Goel and Parikshit Shah laid out the paradox of Indian markets in 2026: record foreign outflows of $30 billion in six months colliding with a bottoming earnings cycle, credit growth back to 16-17%, and reforms flowing straight into corporate P&Ls.

In this final article, they o