🚀 India's $590 billion stock rally may face challenges as earnings struggle and retail investors pull back 📉

- MSCI India Index's 12-month forward-earnings multiple 📈 to near 21 times from 18.5 times over three months

- Analysts from Goldman Sachs and CLSA warn that Indian equities are looking expensive 💰

- Retail investors net sold $1.4 billion of equities in May 📤

Despite short-term risks, India's long-term growth story remains appealing, driven by stable macro factors and infrastructure upgrades 👍 What are your thoughts on India's market outlook? Share in the comments below! ⬇️