This divergence highlights a potential capital rotation: while traditional industrial firms see India as a growth haven, crypto investors are fleeing to safety. The India growth story could draw institutional liquidity away from crypto, especially if regulatory clarity remains poor. Conversely, a booming Indian economy might eventually spur blockchain adoption if regulators soften their stance.

Lubrizol Corp. President & CEO Rebecca Liebert stated the company aims to double its revenues in India over the next five years, citing significant investment in the market.