India could draw more global investment flows next year as part of a broader diversification strategy, according to Neeraj Seth, Founder and CIO of 3R Investment Management. Speaking to CNBC-TV18, he said India is gaining attention even though it missed part of the global rally driven by artificial intelligence-linked (AI) stocks over the past year.

Seth said investors do not need an “anti-AI trade” but rather a “diversification trade,” adding that this “works in favor of India.” He pointed to domestic factors supporting the market, including the goods and services tax (GST) cut and a recovery in earnings. He also sees a possible trade deal providing an important boost to sentiment. “When I look at the globe, India actually looks good going into next year,” he said.

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