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‘India has to de-risk from both China and the US’: Sanjaya Baru on the country’s external dependencies
21 Sept 2026 · Business Today Mkts
Sanjaya Baru said that while many analysts have suggested a “de-Americanisation” of Indian foreign policy, it can’t quite be attained since the US is an important market for Indian exports of goods and…
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.