Emmer Capital CEO: India's FII Revival Needs Earnings, Currency Stability by 2026

• Manishi Raychaudhuri, Emmer Capital CEO, states India needs earnings revival and currency stabilization for significant foreign investor return by 2026.
• He highlights concerns over government finances, suggesting monetization/privatization over higher taxes to close fiscal gaps.
• Emmer Capital avoids quick commerce stocks like Zomato/Swiggy but sees long-term potential; a 20% correction could make them attractive.
• The firm is bullish on commodity upcycle via non-Indian copper/aluminum firms, finding them cheaper with better earnings visibility.
• Raychaudhuri is negative on Indian IT stocks short-term due to AI concerns, but sees potential recovery in select real estate and linked bank stocks.

Why It Matters: India's foreign investor interest by 2026 depends on earnings growth, currency stability, and prudent fiscal management.