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

I had the opportunity to spend some time with global investors over the past week. These are some of the smartest long-term allocators of capital, with good track records who also provide thought leadership for the industry. Having done this for many years now, I do have a sense of how preferences and themes can change over time.

 

What were the key takeaways for me? I have never seen such indifference to India as I saw on this trip. It was almost like what we used to see 20 years back. Everybody met, but more