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Global US‑market correction flagged as biggest risk for India’s stock performance
India’s market outlook depends strongly on U.
Speaking at a leadership summit, S Naren of ICICI Prudential AMC cautioned that the key threat to global markets - and India’s in particular - is a sharp correction in the U.S., which comprises nearly 60 % of global equity indexes.
He emphasised that while India may fare relatively better, it cannot escape if the U.S. falls 20%.
On AI specifically, he noted the risk isn’t AI per se but AIstock valuations that have become stretched.
He added that domestic buying via SIPs will be important but foreign participation remains weak, putting pressure on India’s next growth leg.
He urged investors to watch U.S. tech earnings closely as a bellwether for India’s markets.