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Market pulse: Is India the contrarian bet against the global AI frenzy? Jefferies explains the ‘reverse AI trade’

6 months ago

India now faces a 'reverse AI trade' scenario. This comes after a weak year where it lagged emerging markets significantly. However, strong domestic investor inflows prevented a steeper decline. Experts suggest India could benefit if the AI rally in other markets cools. The rupee has also shown signs of stabilization. Local real estate developers are seen as attractive investments.
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