'India is on the wrong side of the AI trade': Emkay's Nirav Sheth sounds the alarm

India is on the wrong side of the AI trade, warns Nirav Sheth. Foreign investors are chasing AI growth abroad, impacting Indian markets. Investors should focus on companies with 20% earnings growth. IT sector faces headwinds, not a temporary slowdown. Geopolitical risks and rupee depreciation add to macro concerns. Policy changes are needed for durable capital inflows.