Why India Slipped From Global Investors’ Top Pick To Least Preferred In 3 Months

A Bank of America survey shows a dramatic shift in global fund managers’ sentiment toward India. In just three months, India has gone from being the most preferred Asia market to the least favored, with 30% of respondents now underweight on India — compared to 20% for Thailand and 10% for Malaysia. Japan tops the list, followed by China, in a survey of 99 managers overseeing $183 billion in assets. This reversal comes amid the U.S.’s steep 50% tariffs on BRICS nations, which experts say is aimed at preserving dollar dominance. Market analyst Sharad Avasthi cautions investors against overestimating geopolitical moves, stressing that while short-term sentiment is negative, India’s long-term growth potential remains intact.