India's stock market becomes Asia's least preferred among fund managers due to lack of AI exposure, weak growth, high valuations, and limited reforms, despite improving earnings and foreign inflows.
AI-generated summary
Indian stocks have underperformed in 2023, contrasting with improving earnings.
India has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondents net underweight on Indian equities. Lack of clear AI exposure, weak growth, high valuations and limited reforms emerged as key concerns, even as improving earnings and renewed foreign inflows provide some support. [...]
AI outlook — possibilities, not facts
Potential decline in Indian stock market if concerns persist.
Likely · Within weeks
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