India may benefit from anti-AI rotation: CLSA

India could emerge as a potential beneficiary and attract foreign investor flows due to the global anti-artificial intelligence (Al) trade, said Alexander Redman, chief equity strategist at CLSA.

- SUNDAR SETHURAMAN

Redman was speaking to reporters as part of CITIC CLSA 28th India Forum.

“India is still a market that does capture a lot of imagination for foreign investors, because it’s still one of the last true emerging markets where you can take advantage of a demographic dividend and positive urbanisation, credit growth, reform and productivity growth. Few other emerging markets can offer you the characteristics that India has. And of course, it’s large, it’s broad, it’s scalable,” said Redman.

Redman said India’s investment appeal hasn’t improved much over the last 12 to 18 months, although its trading is now cheaper following the correction during this period.