India’s premium has almost entirely disappeared now: Ben Powell, BlackRock

Ben Powell, chief investment strategist for APAC at BlackRock Investment Institute, said he is turning more constructive on Indian equities after the recent underperformance. In an interview with Himadri Buch, Powell spoke about India as an investment destination, IT stocks and US bond yields, among other topics. Edited excerpts: Is the worst of the foreign investor selling in India over? Over the last couple of quarters, Indian equities have had a more difficult time, largely driven by things beyond India’s control. One is the AI super boom, and two is the conflicts in the region and the consequent energy shock….