Expert: India to be 'surprise market' in 2026 on global theme shift.

• India may emerge as a 'surprise market' in 2026, benefiting from a shift in global investment themes, according to Prashant Paroda.
• Despite current challenges like rupee depreciation, stalled trade deals, and underperformance, India's market potential remains.
• A US Supreme Court ruling on IEEPA tariffs, expected by early next year, could fundamentally alter tariff administration and boost the market.
• Capital could rotate back to markets like India if the AI investment theme undergoes "digestion."
• Foreign institutional investors (FIIs) currently have low holdings in India and are expected to focus on large-cap stocks upon re-entry.

Why It Matters: India's market could surprise in 2026, driven by global investment shifts.