Decade long trends - Nifty vs. S&P500

The 2000s saw the Nifty outperform the S&P500
The 2010s saw the Nifty and the S&P500 correlated
The 2020s seem to be about the Nifty underperforming!

This Comparison is in local currency, but the dollar denominated comparison has seen the Nifty Underperforming for a while now.