Indian-origin VC claims IT stocks lost ₹4.5 lakh cr value in 30 days, says 'They'll collapse more'

Indian-origin venture capitalist Deedy Das claimed Indian IT stocks eroded investor wealth worth $50 billion (over ₹4.54 lakh crore) in the last 30 days and, based on Citrini Research's article, they'll collapse further. He said Indian GCCs with Claude Cowork are "far more economical than multi-year IT services contracts". "I do think 18% rupee collapse is exaggerated though," he added.