New Delhi, March 18 -- For years, Indian investors looking to diversify globally have had a singular focus-the US. And why not? The past decade saw US equity markets outperform all others, delivering a compounded annual growth rate (CAGR) of more than 19% in USD, largely fuelled by a booming tech sector.

However, the narrative is shifting. After a strong start to 2025, US equity markets have hit turbulent waters. Tariff concerns loom large as President Donald Trump imposes fresh trade barriers and threatens more, with no clear resolution in sight.

Consumer sentiment has been the biggest casualty of this uncertainty, with surveys showing a sharp decline. In February, consumer confidence saw its steepest drop since August 2021. Notably, t...