US rally vs India story? Wealth managers explain why NRIs should stay the course for next 10 years

Wealth managers argue that NRIs should maintain their long-term allocation to Indian equities despite the AI-driven US rally, rupee depreciation concerns and a temporary earnings slowdown. They highlight India's intact structural growth drivers, double-digit nominal GDP growth expectation, macroeconomic stability and the shift in market ownership where domestic institutional investors have overtaken foreign portfolio investors, supported by record SIP inflows. Analysts expect corporate profitability to improve over the next two financial years, with well-capitalised banks, strong corporate balance sheets and moderating valuations creating an attractive entry point for patient investors.