Quick commerce boom faces financial strain and regulatory risks: Anand Tandon
«There is no doubt again some amount of tightness in the market in terms of employability in IT, but you have to keep in mind the statement like Mr Sundar Pichai's that says that 25% of the coding is now being done by the AI that they have developed,» says Anand Tandon, Independent Analyst
Let us begin by discussing the IT pack itself. This morning, HSBC was talking about how there is an expectation of a recovery in terms of spends going forward. What is your take? Is this a sector which can provide that outperformance or is it going to be that 8% to 15% kind of growth and one is not sure whether they want to pay a multiple of 30 times for that?
Anand Tandon: If they deliver 15% growth, it will be fantastic. Most companies are still looking at single digit, maybe just about double-digit kind of growth numbers, and there is nothing that I see on the horizon which predicts that there will be a sharp increase. The IT outlook in the US may have improved, but it is not necessarily for IT services business as such.
There is no doubt again some amount of tightness in the market in terms of employability in IT, but you have to keep in mind the statement like Mr Sundar Pichai's that says that 25% of the coding is now being done by the AI that they have developed. So, you will get to a stage where and not very far in the future where more and more of that stuff will be done, at least the programming will be done by machines.
And unless and until Indian IT starts focusing more on competence, more in terms of being able to
