Foreign investor interest in India has largely died out: Nithin Kamath

Entrepreneur Nithin Kamath said foreign investor interest in India has "pretty much died out". "India is seen as geopolitically exposed, especially to an oil shock. There are no real AI plays. Valuations are rich. And the rupee situation doesn't help," he stated, citing an industry insider. He added that the STT (securities transaction tax) hike has made India "less attractive".