new Delhi, Nov. 5 -- India could attract fresh foreign investment if the global artificial intelligence (AI) investment boom loses momentum, as investors look for markets with more reasonable valuations, Uday Kotak, founder of Kotak Mahindra Bank, has said.
Speaking virtually ahead of the Diwali festival, Kotak flagged concerns over rising leverage among global companies to finance their AI ambitions, warning that the borrowing spree could be contributing to inflated valuations in parts of the market. He said India could benefit from a reversal in global capital flows as investors reassess their exposure to AI-linked stocks and explore alternative investment destinations.
Kotak's comments come at a time when Indian equities have shown sig...