New Delhi, Feb. 20 -- A lackluster 2025, when Indian equities lagged global peers, has presented a familiar but more nuanced dilemma for non-resident Indians (NRIs) rethinking their portfolio allocation in the new year.

While US market posted smart performance last year, led by resilient large-cap technology and AI-linked themes, Indian stock market's performance fell short. The

The benchmark S&P 500 rose 16.4% over the course of last year. The Dow Jones Industrial Average gained 13.4% and the tech-heavy Nasdaq rallied 20.5%. In comparison, the Nifty 50 added only 10% and 9%.

Going ahead, analysts believe that allocation to global equities requires a more nuanced approach with a focus on valuations and earnings stability than being foc...