India can't rely on IT services, must focus on deep tech or risk being locked out: Kamath

Zerodha Co-founder Nithin Kamath has warned that India can no longer rely on only exporting IT services. "If we don't build...deep tech capabilities, we'll be locked out when it matters most," he stated. 'If AI can pretty much produce all of the software, asset-light models will get hit. The next decade belongs to atoms, not just bits," he added.