Is fundamental analysis useful for Indian markets?

Fundamental analysis is important for any financial asset class if you wish to invest in it for a long time . Even for crypto currencies it is important to research which crypto currency is having high potential to appreciate ny virtue of its endorsement ny bigwigs , corporates etc. Fundamental analysis is independent of country ..it is obviously very useful for Indian markets because while investing in Indian markets it is also important to Analyse forecast which sector or industry will outperform in coming years relative to the entire market . Within that industry which company will perform better or best can only be visualized or estimated when Fundamental analysis is done from appropriate reliable sources like Bloomberg, Investing.com, Moneycontrol, EconomicTimes etc.