Bank of America, which is holding its 2026 India Conference from Monday, expects global growth to slow by 40 basis points to 3.1% this year. Candace Browning told Financial Express that India is likely to regain favour among global investors once the current peak in AI-led capital expenditure moderates, allowing diversified and structural growth opportunities to come into sharper focus. Excerpts: What is your outlook for the world’s major markets, including the US, Japan, China and South Korea? The outlook across major global markets remains differentiated, with earnings and interest rates shaping performance. In the US, the outlook is supported by strong earnings expectations, with consensus forecasting 20% S&P 500 earnings growth in 2026, though a disorderly rise in bond yields remains the key risk, with around 5% on the 30-year US Treasury seen as a critical threshold policymakers will seek to defend.