US-India Trade Triggers Foreign Investor Return

Saurabh Mukherjea of Marcellus told ET Now that finalization of the US‑India free trade agreement has prompted foreign institutional investors to return after months of heavy selling. He warned earnings growth remains weak despite GST and income‑tax cuts and 125 basis points of rate easing, and highlighted AI‑driven job losses threatening IT services, consumption and real estate, leading his firm to raise exposure to export‑oriented manufacturers.