💻 Kotak Institutional Equities on Indian IT 📊

🔎 Sector Outlook: Growth slowdown driven by 3 key factors: 1️⃣ Global Macro Weakness 2️⃣ Captive Shift 3️⃣ Generative AI (Gen AI) impact ⚡ AI Effect: Gross impact of Gen AI ~15% over 3 years Net impact expected at ~8% over 3 years 📈 Top Picks:

🌟 Looking Ahead: Macro environment expected to improve by FY27 Could add 250 bps growth uplift to the sector 👉 Bottom line: Near-term headwinds persist, but long-term revival potential remains strong with selective opportunities in quality IT names.