IT Sector Crash: India’s IT sector has witnessed its worst crash since 2008, with the Nifty IT index plunging 21% in a single month. LIC and mutual funds together have lost over Rs 1.18 lakh crore in notional value. Rising fears that AI could disrupt the traditional labour-arbitrage model are shaking investor confidence. Is this a temporary correction or the beginning of a structural shift in India’s tech growth story?
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