“While India's long-term growth story remains intact with robust mid-teens earnings growth, the market is temporarily on the sidelines of global capital flows. Foreign institutional investors are diverting capital towards North Asian markets like South Korea, Japan, and Taiwan, which are experiencing spectacular AI-driven earnings growth (e.g., Korea >230%) that overshadows India's 'perfectly reasonable' 15% earnings growth, leading to FII outflows and reduced exposure in the near-to-medium term.”