India’s Growth Story Is Intact But the Market Leaders Are Changing | Jitendra Gohil | Paisa Vaisa

How will US debt, AI valuations, geopolitics and global power shifts shape India's stock market over the next few years?

In this episode of Paisa Vaisa, Anupam Gupta speaks with Jitendra Gohil, CIO – Listed Equities at Bajaj Alts, to understand why politics not just earnings and valuations is becoming one of the biggest drivers of financial markets.

The conversation explores the changing economic landscape across the United States, India, Japan and Korea, the risks posed by rising US debt, AI-led market concentration, bond yields, the US dollar, gold and global capital flows. Jitendra explains why India could still remain one of the world's strongest long-term growth stories while highlighting the sectors that may benefit the most from the country's journey from a $4 trillion to a $10 trillion economy.

They also discuss:

US debt and AI bubble risks

India's long-term market outlook

EMS (Electronics Manufacturing Services), shipbuilding and defence

Active funds vs ETFs

Gold allocation and portfolio diversification

Nifty return expectations

Mid-cap and small-cap opportunities

What retail investors and HNIs should be doing over the next few years