‘Visas are dying, middle management is next’: Deepak Shenoy’s wake-up call for Indian IT
Indian IT stocks fell sharply on Wednesday, with Infosys down 7.3%, TCS sliding 5.8%, and the NIFTY IT index plunging 6.3%. Investors are spooked by new AI tools from US-based Anthropic that could automate routine tasks, threatening the labour-heavy model that has long powered India’s tech exports.