Former RBI Governor Raghuram Rajan believes India's stock market will strengthen once a trade deal with the US is finalised. He said there is no reason for tariffs to remain as high as they currently are and argued they should fall to under 20%. "There's been more downward pressure in the Indian market, more upward pressure in the US market," Rajan told CA Kushal Lodha. "A lot of the difference seems to be about AI and how it will be utilised." Advertisement

The economist said that whenever a new technology emerges, there is always a phase of euphoria, "which tends to be disappointed at first if you look at the pattern, and then eventually it happens." He cited the example of internet stocks. "Amazon used to be thought of very highly in the dotcom boom and then collapsed, and if we'd all

See Full Page