Current Affairs · IT Sector & Indian Economy
Regarding the recent downturn in the Indian IT sector often referred to as the 'SaaSpocalypse', consider the following statements: 1. The Nifty IT Index recorded a steep decline of 5.87%, representing a major single-day contraction. 2. The market narrative shifted from viewing AI as a productivity enhancer to viewing it as a potential structural disruptor. 3. Major stocks plummeted while system integrators remained completely unaffected. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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