'You're buying the world': Mukherjea on US stock market

Author Saurabh Mukherjea said on a podcast that the US market capitalisation-to-GDP ratio, which is above 150%, is less relevant because companies such as Apple, Microsoft and Nvidia earn much of their profits overseas. "If you buy the American stock market, you're buying the world," he said. For India, he expects non-pharma, non-IT manufactured exports to perform well.