The Big AI Shock: Have Indian IT Sector Stocks Lost Their Lustre? The Indian technology sector has been a stalwart of India's economic growth story for decades, but lately, it seems to be losing its appeal.
The Nifty IT index has dropped around 23% since the start of the year, outpacing the broader market decline by a significant margin.
This downturn is not just a brief setback; it's a trend that's been building over the past 12 18 months, with the sector underperforming even metals and pharmaceuticals.