 "Equity Market")
The equity markets are turning away from export-driven sectors as American President Donald Trump’s policies have made exports to the US difficult for Indian companies. The combined weighting of Information Technology (IT) services and pharmaceuticals — India’s two largest export-oriented sectors — in the Nifty 50 index has fallen to just 12.3 per cent, the lowest in 25 years.
By contrast, in March 2022, these sectors accounted for 22 per cent of the index. Meanwhile, domestic demand-driven sectors — including retail, food delivery services, telecom, aviation, and hospitals — have seen a sharp rise in their
