Why is Indian stock market outperforming the S&P500? Or it does appear outperforming??

I was personally researching the divergence in SPX and Nifty50. The real reason being the negative performance of SPX in 2022 whereas a buoyant outperformance by Nifty during the same period. I started comparing SPX in USD and Nifty in INR and as soon as I shifted the currency of Nifty50 to USD that divergence…