India’s IT sector is experiencing a surge in optimism driven by further investment in artificial intelligence (AI) and an improved outlook for the US economy. The Nifty IT Index has risen 18% from an April low, and reports suggest both Tata Consultancy Services and Wipro have benefited from new AI services, helping to assuage fears that a recession in the US or Europe might damage the sector.
A $46 billion rally shows India tech woes easing
India’s IT sector is experiencing a surge in optimism driven by further investment in artificial intelligence (AI) and an improved outlook for the US economy. The Nifty IT Index has risen 18% from an April low, and reports suggest both Tata Consultancy Services and Wipro have benefited from new AI services, helping to assuage fears that a recession in the US or Europe might damage the sector.