The global correction in AI‑linked stocks has lifted investor focus back onto India’s IT services, which have been under pressure since the start of the year.
Harris argues the current pullback is a market correction rather than a structural shift, noting that Indian firms are pivoting from traditional IT services to AI‑driven solutions and could benefit from this transition.
He highlights India’s reputation as a reliable, open business destination, which has become increasingly attractive amid supply‑chain bottlenecks worldwide.
Harris observes that even with the rupee stabilising, currency movements are less of a concern for investors who are more focused on the growth prospects and earnings potential of global‑reach companies.
The Indian government’s recent comments on equity taxation and the stability of the rupee have added some short‑term volatility, but Harris believes that the long‑term narrative of digital transformation and government support will outweigh those fluctuations.