360 ONE Asset Management Limited Research Hub

360 ONE Asset Management Limited maintains a constructive outlook on Indian equities, emphasizing the country's superior and less volatile historical earnings growth compared to AI-centric markets such as Korea and Taiwan. Analysts suggest that India’s measured integration of Gen-AI offers strategic resilience amidst current global market hype. The investment thesis is bolstered by structural growth drivers, most notably the significant expansion of India's data center capacity, which is projected to reach 17GW by 2035. Furthermore, the IT services sector is positioned for recovery as it moves beyond AI-induced deflationary pressures. With valuations currently normalized to historical averages and macroeconomic indicators—such as the Real Effective Exchange Rate—suggesting that the rupee is undervalued, the firm sees a compelling case for future domestic returns.