Buy or avoid Indian tech? Three pros share their take

Job cuts and muted earnings in India's IT sector have left some investors wondering if they should steer clear of such stocks. Tata Consultancy Services, one of the country's biggest private sector employers, announced last month that more than 12,000 staff in mostly middle and senior management roles would be cut. That accounts for around 2% of TCS' global workforce, making it one of India's biggest IT layoffs thus far . The company attributed the layoffs to mismatched skillsets , but others cited automation as a factor. Elsewhere, Infosys has reportedly slowed down fresher recruitment while Wipro has trimmed roles. The layoffs add a layer of uncertainty to the sector, as firms such as TCS and Infosys recently reported muted earnings growth . "Indian IT services companies exploded over th