India-US Trade Deal Imminent, Investors to See Rewards in 12 Months: Ridham Desai

• Ridham Desai, MD of Morgan Stanley India, expects an India-US trade deal soon, citing Pax-silica invitation as a key indicator.
• India is emerging as a global data center hub due to robust digital infrastructure, growing cloud/AI needs, and a large talent pool.
• A 15.5% safe harbor for IT services is significant, offering stability in tax and compliance, strengthening India's image.
• Desai highlights market reflexivity, where market weakness can impact the economy, and advises patience for investor rewards in 12 months.
• India's market is at its lowest relative PE multiple historically, making it cheap compared to other markets, despite current sentiment-driven weakness.

Why It Matters: An India-US trade deal is expected soon, with India poised for growth and investors set for rewards in 12 months.