Jefferies’ Chris Wood raises India bet at the cost of Taiwan amid Trump tariff turmoil

Jefferies' Chris Wood has raised Indias allocation to Overweight in his Asia Pacific ex-Japan portfolio, citing the country's macro resilience amid global trade tensions and economic slowdown. The move, backed by analyst Mahesh Nandurkar, reflects India's lower exposure to US-China demand, easing oil prices, low FPI weights, and the RBIs pro-growth stance. IT and metals remain underweight.