HSBC’s Herald van der Linde warns that AI poses both a threat and an opportunity for Indian IT firms, urging them to reinvent operations to stay relevant. While banks, fintechs, and formal retail will drive India’s next growth phase, he cautions investors against chasing overvalued new-age tech stocks like Zomato and Swiggy, emphasizing profitability and fundamentals over hype.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets