We find no evidence of over-optimism in the domestic stock market. YTD, India is underperforming developed markets like the US by 50% (S&P500 18% vs. Nifty50 is 9%), despite the fact that the domestic economy is stable while the US is still at risk of recession.
Trump actions will cause India’s GDP growth to slow down along with global economy: Swaminathan Aiyar
Swaminathan Aiyar warns that the US-China trade war and global uncertainty will impact India’s GDP and world trade, leading to slower economic growth. He predicts
March 4, 2025