Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
Jefferies Group CEO Rich Handler asserts that Indian equities remain reasonably priced despite recent market fluctuations. Handler believes a more favorable long-term capital gains tax regime could entice foreign investors. He highlights India's strong human capital, stable government, and attractive demographics as factors that set it apart from other markets.
Handler emphasizes that AI's disproportionate share of global capital has diverted funds from India's non-tech businesses. He anticipates a temporary pause in AI investment as investors reassess strategies. Handler believes India could benefit from this shift, particularly in data centers and AI sectors. Simplifying regulations and reducing tax friction would make India more attractive to investors, he believes.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
