Sharma: Global equity markets will outperform the US over the next decade
Ruchir Sharma · India vs. China vs. US: Who Wins the Next Decade? | WTF is Finance | Ep 1 ft. Ruchir Sharma · Nikhil Kamath · Sep 3, 2025 · at 2:06:56
Investor and author Ruchir Sharma discusses global equity market cycles and historical asset allocation with host Nikhil Kamath.
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“No, my view is very clear just now, that over the next 10, five, 10 years, I think the rest of the world outperforms the US.”
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More from Ruchir Sharma
Sharma: India will never sustain an annual GDP growth rate above 6%
“And therefore we'll never grow at a rate of more than six percent on a sustained basis has been my view for a very long period of time.”
Sharma: Onerous Indian Regulations Force Businesses to Break Rules
“One big reason why so many people in this country are forced to do stuff which is strictly not per the law or the regulatory framework is because those laws and, ah, regulations are so onerous that to do business in India, you almost have to beat them.”
Sharma: Fear of Expressing Opinions in India Is Higher Than 20–30 Years Ago
“I think there's a level of fear is there, which is that if you end up saying something, or if you end up doing something, you know, that there may be consequences for you. I think that That has become much more in India today than it used to be 2030 years ago.”
Sharma: Outside of AI, all US assets are overvalued or fundamentally flawed
“That if you want to be in the US, do it only for AI. Everything else in the US today doesn't, is either expensive or fundamentally flawed.”
Sharma: India Lacks the Capability to Build Sovereign Big Tech Alternatives
“But that's where we, I don't think we have that, that capability as yet. I don't see the evidence.”
Sharma: US Big Tech market dominance is so extreme that acquisitions should be banned
“If I was a regulator in America, I would like, even though I'm a free market person, I think it's become so extreme where you need, this is one area where I would say that almost that acquisitions need to be banned.”