Porinju Veliyath suggests a strategic approach to value investing in small and midcap stocks amidst the current market correction. He emphasizes the long-term economic growth potential of India, projecting a $6-7 trillion economy by 2030. He further poitbs out that he is 100% sure it is not a repeat of 2018 which I have gone through and suffered very badly with huge underperformance to the market.