15 Nov 2025 | 5 Mins Read
Growth slump threatens equity valuations, warns Chris Woods
Flipitmoney
Jefferies' Chris Wood notes India's key question is a growth pickup following credit, monetary easing, and GST cuts. Without growth, India's equity valuations will become vulnerable. India is the "reverse AI trade," potentially outperforming if the AI trade unwinds negatively for Taiwan, Korea, and China, but faces IT sector vulnerabilities and risks from state election handouts.