Swarup Mohanty, CEO of Mirae Asset Mutual Fund, has articulated a vision for India to emerge as a 'non-AI hedge' for global investors, especially as capital increasingly flows into AI-linked stocks. He acknowledged the challenges faced by Indian IT companies, which have traditionally been significant contributors to the country's economy, but expressed confidence in their ability to adapt. Mohanty pointed out that while India may not lead in AI hardware like the United States or South Korea, the demand for IT services will continue. He believes that as capital allocations to AI peak, investors will seek value elsewhere, potentially revitalizing interest in India's structural growth story. Mohanty highlighted that India's unique position as a growing economy, with a growth rate of 6%, could attract investment once valuations correct. He emphasized that India's economic fundamentals, including domestic consumption and policy stability, provide a strong foundation for future growth in an uncertain global environment.