410. Why investors could be misreading India’s boom

India has gone from emerging-market darling to a source of funding for the booming semiconductor trade, despite its domestic economy continuing to grow rapidly. Our guest, Andy Draycott, manager of the Chikara Indian Subcontinent fund, explores why foreign investors have withdrawn billions from Indian equities, whether concerns about the rupee and AI are justified, and why rising household wealth could transform consumption. We also look inside a concentrated portfolio targeting India’s domes...