The Economic Times

Rs 4.5 lakh crore wipeout in 7 days! Is AI rewriting the rules for $250 billion Indian IT industry?

India's massive software services sector faces a sharp downturn. AI advancements are causing significant market value losses for major IT firms. Investors are questioning the future of the traditional outsourcing model. The industry is undergoing a crucial valuation reset. The coming sessions will determine if the worst is over for these stocks.