Analysts are ratcheting up their profit forecasts for Indian companies

For the three months ended March 31, profit at NSE Nifty 50 Index members increased 15%, almost double the 8% pace a year earlier

For stocks worldwide, it may be time to worry about the upcoming earnings season. But there’s one place where profit estimates are surging: India.

The fundamentals of corporate India are improving, and the average analyst projection for next year’s earnings at S&P BSE Sensex Index companies has jumped to a record high -- not just in rupee terms, but also in US dollars. That’s a stark contrast with members of the MSCI All-Country World Index and MSCI Emerging Markets Index, which have seen steady declines in estimates.

“We expect the earnings recovery momentum to continue this quarter as well with