IT Stocks
Minister Goyal says disconcert in market over future of IT cos "ridiculous"
This story was originally published at 16:16 IST on 18 February 2026
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--Minister Goyal: Discontentment in stock market over IT cos is ridiculous
--CONTEXT: Minister Goyal speaks at Global Econ Cooperation Summit in Mumbai
NEW DELHI – Commerce Minister Piyush Goyal Wednesday said that the recent discontent seen in the stock market over the future of information technology companies is "ridiculous". The minister's statement comes in the wake of the Nifty IT index falling by over 14% in February.
The recently concluded US trade deal opens a huge market for India's labour-oriented goods and technology services, Goyal said at the Global Economic Cooperation Summit in Mumbai. "In fact, of late, I have seen in the stock market some discontentment or disconcert about the future of the IT industry. I find it quite ridiculous because these are the companies that will be required for artificial intelligence to flourish," Goyal said.
On Wednesday, the Nifty IT index ended 1.2% lower at 32,668.30 points. End
Reported by Krity Ambey
Edited by Saji George Titus
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