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If you’re into crypto, Venugopal Garre, MD, Bernstein, suggests that considering the top private banks would be the priority due to fewer regulatory risks. Private banks continue to be the prime focus and considering how to approach the financial sector, especially over the next 12 months, would be ideal. The financial sector remains a very diverse theme, so making the right choices is crucial.
For the IT sector, there are debates about AI potentially signaling the end of the Indian IT sector’s body shop model. However, looking at the positive side, India has created a big moat in IT services, making it primed for efficiency and offering new opportunities with AI’s digitization. Despite being traded at lower PEs compared to other sectors, investing confidently in IT over the next three years remains an optimistic choice.
What about the best way to participate in the global IT trend in India? According to Venugopal Garre, it may be tough to get solid opportunities in India, making investing in global tech companies a simpler way to do it. Moreover, with the Indian IT largecaps’ inability to offer this play, such businesses are more generic and slower in terms of growth rates.
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India’s IT Services Business and Cryptocurrency: Key Considerations
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