IIFL Managing Director Predicts India Investment Cycle Reversal

R Venkataraman, Managing Director of IIFL Capital, told attendees at the 17th IIFL Global Investor Conference that India's decade-long foreign institutional investor outflows are cyclical and expects capital to return within two to three quarters. He highlighted strong macro fundamentals, improved banking health, and digital infrastructure, warned large-cap IT will likely plateau short-term, and urged investors to favor AI consumers like banks and financial services.