In an interview, Ben Powell, chief investment strategist for Asia-Pacific at BlackRock, discusses the impact of the ongoing conflict in West Asia on global markets. He identifies earnings, interest rates, and the inflation trajectory as critical factors influencing investment decisions in the coming months. Powell notes that while the geopolitical situation poses challenges, particularly with rising energy prices affecting India as a major energy importer, he remains structurally bullish on India due to its favorable demographics, ongoing reforms, and digitalization efforts. He acknowledges that short-term capital outflows have occurred but emphasizes that foreign direct investment continues to be strong, reflecting confidence in India's long-term prospects. Powell also highlights the importance of resolving the energy situation in the Strait of Hormuz, which could act as a positive trigger for Indian equities. He ranks crude oil prices as the most concerning factor for India, followed by the rupee's stability and valuation issues. Powell expresses optimism about AI-linked markets, particularly in Taiwan and Korea, as significant investment opportunities.