Gautam Chhaochharia of UBS sees foreign interest returning, positive on India’s consumption theme

Gautam Chhaochharia, Head of Global Markets (India) at UBS, has expressed a constructive outlook on the Indian market, highlighting a renewed interest from foreign investors in specific stocks and continued strength in the consumption sector.

Speaking on the sidelines of the UBS India Summit 2025, Chhaochharia noted that overseas investors are showing renewed bottom-up interest in individual stock ideas across financials, consumption, manufacturing, and defence, even though large-scale fund allocations remain limited

This revival comes after a period where investor focus was diverted by the global AI theme, valuations, and opportunities in other Asian markets. Chhaochharia also confirmed that participation in this year's conference has increased, with investors attending from the US, Eur