New Delhi: Indian technology companies are facing fresh pressure as investors continue to sell shares over concerns that the industry is not moving fast enough in the global race for artificial intelligence. The shift in investor behaviour comes at a time when markets around the world are rewarding companies that show strong AI capabilities and long term potential in the new technology cycle.

Over the past several months, foreign institutional investors have pulled billions of dollars from Indian equities, with a large share of the selling concentrated in the information technology sector.

Analysts say the main reason is that India’s biggest IT firms are still heavily dependent on traditional outsourcing and maintenance services, while global competitors are making faster progress in b

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