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Absence of AI in equities will become India’s strength in a year, mkts to start attracting flows: CEA

The absence of artificial intelligence focus in Indian equities, which is among factors blamed for the selloff by foreign investors, will turn into a “strength” in a year, and the same set of people will come back to bet on our other fundamentals, a top policymaker said on Thursday. The rupee, which has seen some sessions of a depreciation and is hurtling towards its lifetime lows, is likely to continue being under pressure, Chief Economic Advisor V Anantha Nageswaran said while speaking at SBI-Amundi India Investor Seminar here.

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Absence of AI in equities will become India’s strength in a year, mkts to start attracting flows: CEA

Why it matters: Research is moving the AI stack right now, and this update helps explain what changed for builders.

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