Indian IT sector sucked all oxygen for a long time: Sridhar Vembu

Zoho Founder Sridhar Vembu compared financial bubbles to flash floods and said they "can leave us with fewer capabilities". "In the Indian context, the IT industry sucked all the oxygen for a long time, leading to...neglect of capabilities in numerous other critical industries," he stated. "The longer a bubble lasts, the more structural...damage it inflicts to more sectors," he added.