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India tech giants struggle as $115 billion rout deepens after weak results
Economy
Published on 27 April 2026
Investors worried growth is slowing, despite AI hype
India’s leading software exporters are under pressure as Infosys and HCL Technologies reported results that missed expectations. Investor fears over slowing growth, worsened by a weak global economy and AI-driven disruption, have dragged valuations across the IT sector. The selloff has erased tens of billions in market value, intensifying doubts about the next phase of earnings momentum.
- Infosys and HCL posted results below investor expectations
- Concerns are growing about slower growth for software exporters
- Weak global conditions and AI disruption are amplifying the downturn
- IT sector valuations have fallen sharply, wiping out billions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times