{
  "id": 13120438,
  "title": "India Could Benefit If Global AI Boom Falters: CEA Nageswaran",
  "url": "https://urgent.news/2026/10/09/india-could-benefit-if-global-ai-boom-falters-cea-nageswaran",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T12:28:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/india-could-benefit-if-global-ai-boom-falters-cea-nageswaran"
  },
  "original_language": "en",
  "account": "Chief Economic Advisor V Anantha Nageswaran posited that India might experience a boon if the global artificial intelligence (AI) investment surge falters. Addressing the SBI-Amundi India Investor Seminar, Nageswaran posited that the current global disregard for Indian equities could resurface as investors pursue growth prospects outside AI-centric businesses. He voiced concern over the weakening rupee, which has neared record lows due to recent global pressure. Elon Musk's AI venture, Grok, has raised concerns about potential security risks associated with deploying Starlink in India. Nageswaran acknowledged that India's lack of major AI-focused investment opportunities led to reduced foreign investor interest. However, he contended that this perceived shortcoming could transform into an advantage within a year if the global AI investment cycle encounters turbulence. He likened the current AI boom to a borrowing-driven investment narrative and posited that a downturn could steer international capital towards economies providing sustainable growth. Nageswaran contended that India's position as a late adopter of AI technologies could serve as an economic strength. He identified four external elements influencing foreign capital flows and the rupee - strained US relations, limited exposure to AI investment, rising oil costs from the West Asia conflict and monetary tightening by global central banks. As a significant oil importer, India remains susceptible to fluctuations in international crude prices. Nevertheless, Nageswaran spotlighted several domestic strengths that could bolster investor confidence. These include India's steady economic growth exceeding 7% despite international disruptions, a manageable current account deficit, a well-capitalized banking system, relatively low corporate borrowing, and a surge in household savings moving into domestic capital markets. Nageswaran maintained that these fundamental indicators paint a healthier economic portrait than the fluctuating rupee. He expressed optimism that India's growth trajectory would ultimately lure renewed interest from international investors.",
  "summary": "India's limited exposure to the global artificial intelligence (AI) investment boom could emerge as an economic advantage if investor enthusiasm for the technology weakens, Chief Economic Advisor V Anantha Nageswaran has said. Speaking at the SBI-Amundi India Investor Seminar on Thursday, Nageswaran suggested that global investors currently overlooking Indian equities could return as they seek…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}