Goldman Sachs Expands Into India's Government Share Sale Market - Report
Global stock markets are tumbling, yet India stands apart—its lack of AI exposure has paradoxically become an advantage.
Over the past month, India's Nifty 50 Index rose by approximately 1% against the broader market trend, while the MSCI Emerging Markets Index declined by more than 9%. As global AI-related trades cooled, India’s relatively low exposure to AI became an advantage, attracting capital inflows. Additionally, falling oil prices, a stabilizing rupee, and improving earnings expectations provided further support. However, high valuations remain a key constraint, with over 30% of index constituents trading at price-to-earnings multiples above 50x, making it difficult to fundamentally reverse the prevailing trend of capital outflows.
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By Lewis Braham With a population of 1.5 billion and an economic growth rate exceeding 6%, India should be a financial powerhouse. But lately its stock market returns have been downright weak. The
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