The Daily Brief by Zerodha
Our goal with The Daily Brief is to simplify the biggest stories in the Indian markets and help you understand what they mean. We won’t just tell you what happened, but why and how, too. We do this show in both formats: video and audio. This piece curates the stories that we talk about.
You can listen to the podcast on Spotify, Apple Podcasts, or wherever you get your podcasts and watch the videos on YouTube. You can also watch The Daily Brief in Hindi.
When we covered the results of India’s IT majors last quarter, we told you about Indian IT’s rough patch. Usually, results don’t change much in back-to-back quarters, and the IT sector is no exception. However, this time around, the messaging around the results may have changed.
Last quarter, the chatter around IT results reflected a fear around how Trump’s trade war would play out. Their clients were spending less in that uncertainty, affecting IT firms as well. Hiring slowed down, while wage hikes were delayed across the board.
This time around, the questions have turned more existential. People are wondering whether India’s IT business is something we can take for granted (which we highlighted in “ Who Said What”). The business model that brought them (and so much of India) prosperity over the last 30 years might be slipping into irrelevance.
