At the Cafemutual India Investment Summit 2024 in Dubai, industry experts debated Indian equity market valuations. Ajay Vora, Madangopal Ramu, and Pramod Gubbi discussed growth opportunities in India, emphasizing urbanization and infrastructure despite challenges like high interest rates. They highlighted the potential revival of foreign institutional investor (FII) inflows and stressed the importance of a bottom-up investment approach. Participants noted the current high valuations of small caps and suggested reallocating investments towards large caps. They recommended maintaining a balanced portfolio across market caps to manage risk while capitalizing on growth opportunities in emerging sectors.