AI is opportunity, not threat: Deven Choksey backs Indian IT stocks amid market selloff

Indian markets saw IT stocks fall amid AI worries. Analyst Deven Choksey sees this as a buying chance. He believes AI will help IT firms flourish by enabling outcome-based pricing and faster project delivery. This shift creates new revenue streams. Choksey also highlights growth potential in FMCG exports due to trade agreements. He advises investing in large-cap IT companies.