Rs 2.5 lakh crore wiped out in 3 days as IT stocks crash: Is India’s tech story at risk?
Indian IT stocks are experiencing a sharp selloff, with billions in market value lost. Fears that AI automation could disrupt the traditional outsourcing model, particularly in areas like ERP implementation, are driving the decline. While some analysts remain cautiously optimistic about the sector's role in AI adoption, investors are reassessing the future of India's tech giants.