Nilesh Shah: AI Tsunami, Not Tariffs, Is India IT Services' Major Concern
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AI Tsunami, Not Tariffs, Bigger Worry for India IT Services: Nilesh Shah
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Moneycontrol•26-02-2026, 09:45
AI Tsunami, Not Tariffs, Bigger Worry for India IT Services: Nilesh Shah
•Nilesh Shah of Kotak Mahindra AMC states AI's impact on India IT services is a greater concern than tariffs, potentially affecting jobs, consumption, and urban spending.
•The Supreme Court verdict limited Trump's tariff powers, but he quickly imposed new 15% global tariffs, creating market uncertainty.
•India receives partial relief from tariff changes, improving its relative position, but the situation remains fluid with potential new levies.
•Shah highlights AI disruption as a major structural factor, warning of job losses and economic instability if not managed well, but also sees opportunities.
•Key market challenges include investor adaptation to moderate returns; potential triggers are earnings surprises, rate cuts, policy continuity, or global trade deals.
