In my opinion, the IT sector appears to have bottomed out. While there’s probably limited downside, for investors seeking 18-20% compounded growth, this sector might not offer that kind of potential. Instead, we might see more modest returns of 10-12%, with 2-4% constant currency growth.
Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip Bandyopadhyay
Foreign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also a major concern