Indian IT stocks are experiencing a significant correction, driven by fears of AI automation impacting outsourcing demand, amplified by Nvidia’s AI chip announcements. Analysts, however, see current valuations as reflecting pessimism, creating selective buying opportunities amidst evolving AI adoption and potential US economic headwinds.
RBI maintains optimism on growth, signals caution on inflation and FX volatility: Anubhuti Sahay
The Reserve Bank of India’s latest policy stance balances optimism on growth with caution on inflation and foreign exchange volatility. Analysts noted the central bank’s