New Delhi, April 25 -- While Indian markets currently lack a pure-play AI champion and large IT services firms face disruption risks from artificial intelligence, Mirae Asset Mutual Fund's CEO and Vice President, Swarup Mohanty, believes India could emerge as a "non-AI hedge" in global portfolios once capital allocations to the technology peak out.

Speaking in an exclusive conversation with ANI, Mohanty said that Indian IT companies, long seen as cashflow generators and key contributors to the country's export basket, are now under pressure as investors rotate heavily into AI-linked stocks. "The stock performance has reflected that for the most part," he said. However, he expressed confidence that India's IT sector will adapt. "They are ...