India's growth story is real, but 6.5% won't make us Viksit Bharat, warns Garima Kapoor, Elara Securities

India's current 6.5% growth is comfortable but insufficient for its 2047 aspirations, requiring 7.5-8% growth. A lack of corporate investment is the primary hurdle, despite government and consumer demand. However, global reindustrialization and new trade deals offer optimism. Foreign investors are wary due to weak earnings growth relative to India's premium valuation.