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'Big Avoid': Why Equinova's Aniruddha Sarkar Is Bearish On Indian IT After US Green-Card Freeze
NDTV Profit 2 hrs ago·9 Oct 2026, 10:12 am
Aniruddha Sarkar, a prominent analyst at Equinova, has turned bearish on the Indian IT sector, citing the US government's recent freeze on issuing new Green Cards. This policy change is expected to create significant delays for skilled foreign workers, including a large number of Indian professionals. Consequently, top-tier talent may become harder to attract and retain, potentially impacting the long-term growth prospects of major IT companies.
For investors, this development signals a potential headwind for the sector's earnings growth. The freeze could lead to higher wage bills and reduced productivity as companies struggle to maintain their workforce. However, Sarkar notes a silver lining: the long-term demand for AI applications is expected to remain robust, which could eventually benefit Indian IT firms as they build these solutions for global clients.
Moving forward, investors should monitor the duration of the Green Card freeze and how IT companies adjust their hiring and retention strategies. While the immediate outlook is cautious, the sector's ability to leverage the AI boom will be crucial in determining its future performance.
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