India’s growth story is intact, but AI and oil are the big risks: Christopher Wood

Jefferies’ top equity strategist Christopher Wood says India’s economic picture is improving, even as global factors continue to weigh on its stock market. In an exclusive conversation with Business Today, Wood said stronger credit growth and early signs of a revival in private-sector capital expenditure are encouraging. However, India’s market has been overshadowed by the global artificial intelligence boom, which has pulled foreign investors towards semiconductor stocks in Taiwan and South Korea. INDIA’S DOMESTIC STORY IS IMPROVING Wood said that India’s economic data has been encouraging, with credit growth strengthening and private companies beginning to show signs of higher capital…