On The Money Can this market darling finally make a recovery?
Oct 8, 2026
Carlos Hardenberg, portfolio manager of the Mobius Investment Trust and emerging-markets specialist, explores whether India can regain investor attention. They discuss overlooked mid-caps, affluent consumers, technology, data centres and wealth management. The conversation also covers China’s ongoing challenges, Southeast Asia’s semiconductor leadership, emerging-market valuations, AI concentration, geopolitical risks and the investment importance of governance.
AI Snips
Chapters
Transcript
Episode notes
Why India Became A Contrarian Opportunity
- India’s underperformance created an opportunity after currency weakness, market correction, and AI-related pressure on IT services.
- Carlos Hardenberg rebuilt exposure through smaller companies rather than crowded large-cap trades.
India’s Growth Story Goes Beyond Consumption
- India’s growth extends beyond demographics into wealth management, refurbished electronics, and data-centre infrastructure.
- Smaller companies can serve affluent domestic consumers while also competing globally from India’s low-cost talent base.
Watch India’s Earnings And Macro Catalysts
- Look beyond benchmark performance when assessing India, because earnings growth may matter more than temporary investor flows.
- Watch oil prices, global inflation, geopolitics, and IT-services demand before expecting broad renewed interest.