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What’s missing in India’s macro playbook? In this episode of Market Masters, Prashant Nair sits down with Manish Chokhani, Director at Enam Holdings, to decode the key structural shifts shaping global capital flows & India’s place in it. From AI’s absence in India’s growth story to the re-emergence of gold as a hard asset hedge, Chokhani lays out a candid, sweeping diagnosis of what’s working & what isn’t. He explains why India has 'no cards' in global trade, how price-agnostic domestic flows are still holding markets up, and why valuation vs earnings growth is the biggest challenge for foreign capital to stay interested ! Discussion covers, Why foreign investors haven’t returned & what could bring them back Why AI is India’s 'missed bus' & how services-led growth is hitting its limits The geopolitical spat with the US, Operation Sindoor, and what it really means Why gold is outperforming the Nifty & how central banks are shifting reserves Case for a 'time correction' in Indian markets before the next breakout #sensex #nifty #fdi #gst #gstratecuts #gstreforms #consumption #gold #silver #uranium #usa #globalequities #marketanalysis #marketoutlook #manishchokhani #cnbctv18digital #cnbctv18market #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹Young Turks Reloaded with Shereen Bhan: • Young Turks Reloaded with Shereen Bhan 🔹CNBC TV18 Global Lens: • CNBC TV18 Prime | Global Lens 🔹 World News: • World News 2025 | Latest International News 🔹CNBC TV18 Classic Interviews: • CNBC-TV18 Classics 🔹Overdrive Show: • OVERDRIVE || CNBC TV18 🔹Startup Streets: • Startup Street ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook: / cnbctv18india Follow us on Twitter: / cnbctv18news Follow us on Instagram: / cnbctv18india Catch us on: Linkedin: / cnbc-tv18 n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.