The Case for a Historic Reallocation to Emerging Markets | Sony Kapoor

The podcast explores the potential rebalancing of global capital away from the United States, driven by factors like passive indexation and erratic policymaking. Sony Kapoor, an economist and policy advisor, argues that while the U.S. economy remains exceptional, its overexposure in global portfolios is unsustainable. He points to Trump's administration's inconsistent policies and attacks on institutional independence as catalysts forcing investors to re-evaluate their U.S. allocations. The conversation further examines India's evolving relationship with the U.S., its perceptions of American policy, and its economic development relative to China, highlighting a sense of optimism contrasting with Western declinism.