New Delhi, April 11 -- In a week marked by global financial turbulence and mounting protectionist fears, Jefferies' Chris Wood has doubled down on India. In the latest edition of his GREED & fear newsletter, the veteran strategist announced a two-percentage-point increase in India's allocation within Jefferies' Asia Pacific ex-Japan relative-return portfolio-raising the country to Overweight status by trimming exposure to Taiwan. The move underscores Jefferies' belief that India could prove to be a macroeconomic safe haven in a world rattled by recession fears and erratic tariff policies.

Chris Wood credited the shift to a detailed analysis by Mahesh Nandurkar, Jefferies' Head of India Research. According to Wood, Nandurkar laid out a co...