Akash Prakash
 "Akash Prakash")
Akash Prakash
Akash Prakash
Cooling investor sentiment toward India may be a contrarian positive signal
The concerns around India remain the same. Valuations are too high. There is no economic & earnings momentum. We have no artificial intelligence (AI) play or beneficiary
 "Cooling investor sentiment toward India may be a contrarian positive signal")
AI is at an extreme: Market cap, returns, capex surpass tech-bubble highs
The believers are convinced that AI will solve the demographic and fiscal challenges of the West
 "AI is at an extreme: Market cap, returns, capex surpass tech-bubble highs")
The GAME dynamic: High fixed-cost firms to gain most from AI adoption
AI has already proven its value in customer support and programming, and its applications will only broaden as the technology matures and enterprises grow more comfortable with the tools
 "The GAME dynamic: High fixed-cost firms to gain most from AI adoption")
Why are FPIs selling? Zero net inflows persist despite geopolitical risks
Many investors have lost faith in the EM asset class, cut exposure, and India has been a funding source, given its relative outperformance
 "Why are FPIs selling? Zero net inflows persist despite geopolitical risks")
India needs more Apples: Replicating Apple's model to attract top brands
The PLI for smartphones was extremely sophisticated in design, a win-win for all parties
 "India needs more Apples: Replicating Apple's model to attract top brands")
The margin trap: Why innovation matters more than short-term profits
India needs to get on the innovation cycle - and everyone has a part to play. The government must provide basic funding and strengthen linkages between industry and academia
 "The margin trap: Why innovation matters more than short-term profits")
Scaling manufacturing power: Apple in China, key lessons for India
One company turned China into a manufacturing powerhouse. Now India must ride the diversification wave to do the same
 "Scaling manufacturing power: Apple in China, key lessons for India")
The first 100 days of Trump: A stress test for US market optimism
The biggest theme has undoubtedly been the unveiling of new thinking towards trade and tariffs
 "The first 100 days of Trump: A stress test for US market optimism")
The US dollar can weaken but still remain the world's reserve currency
As a hegemon, the US no longer derives its hegemonic powers from manufacturing and goods
 "The US dollar can weaken but still remain the world's reserve currency")
The coming tsunami of Chinese exports: India may have to follow suit
Exports have been a major driver of China's growth and prosperity. However, there is a clear disconnect between its share of global manufacturing and consumption
 "The coming tsunami of Chinese exports: India may have to follow suit")
Market realities, bubbles: Is Peak America leading to lower returns ahead?
It is far better for the US to gradually underperform global markets, as we have seen from the beginning of 2025
 "Market realities, bubbles: Is Peak America leading to lower returns ahead?")
Pragmatic and sensible: FM Sitharaman incentivises growth beyond govt capex
By providing an effective tax cut of Rs 1 trillion to the middle class, the FM will improve consumer confidence and boost consumption
 "Pragmatic and sensible: FM Sitharaman incentivises growth beyond govt capex")
Can global mkts keep rising? Financial history favours investing outside US
I am less positive than many on the US equity markets and American exceptionalism. I worry about elevated valuations, surging retail sentiment
 "Can global mkts keep rising? Financial history favours investing outside US")
American exceptionalism: US earnings growth to outpace global counterparts
The US today accounts for about 67 per cent of the MSCI World equity indices, meaning that corporate America is worth more than twice all other markets combined
 "American exceptionalism: US earnings growth to outpace global counterparts")
High valuations may challenge India's 25-year lead in real returns
China was unable to deliver returns when its economy was on fire, and today it faces geopolitical challenges
 "High valuations may challenge India's 25-year lead in real returns")
The state of global venture capital: India must avoid Western pitfalls
The industry, however, seems to be at a crossroads, with many funds' lifespans being extended and distributions at all-time lows
 "The state of global venture capital: India must avoid Western pitfalls")
India overtakes China as top EM market, but China's achievements noteworthy
China is creating emerging industry leaders, and regardless of what happens in the Chinese stock market, the country cannot be ignored as a fierce competitor
 "India overtakes China as top EM market, but China's achievements noteworthy")
China's worsening population data presents an opportunity for India
India must do whatever is necessary to prepare its economy to benefit from a slowing China. But a proper strategy is needed as India's own demographic dividend will not last forever
 "China's worsening population data presents an opportunity for India")
Superstars for too long: Time to move away from India, US equity markets?
Investors face a crucial decision. While the US equity market may face short-term underperformance, the jury is still out on India's potential
 "Superstars for too long: Time to move away from India, US equity markets?")
Union Budget 2024: Sustaining the India story
The quality of expenditure continues to improve
 "Union Budget 2024: Sustaining the India story")
