According to Pramod Gubbi, the Co-founder at Marcellus Investment Managers, the biggest risk on the horizon is the deflation of the AI bubble which will likely impact global markets including Indian markets.

However, such a bust, while negative for the Indian market in the short term, may actually be positive for India in the medium term, as India is currently not seen as a major player in AI, he said in an interview with Moneycontrol.

On the trade deal front, he does not see a delay in the India-US trade deal posing downside risks but could cap near term market upside as that might keep foreign investors away for longer.

What is the major global risk to the Indian economy and equity markets?

Clearly, the biggest risk on the horizon is the deflation of the AI bubble which will likely i

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