India now reverse AI trade after being relative-return disaster: Chris Wood of Jefferies

India has become the reverse AI trade in emerging markets, underperforming the MSCI Emerging Markets Index by 27 percentage points year-to-date, according to Jefferies Chris Wood. While the rupee has fallen 3.4% to Rs 88.7, Indias lower exposure to the AI-driven rally in Taiwan, Korea, and China positions it as a contrarian play for long-term investors.