A stock market index of Indian IT firms, the Nifty IT Index (.NIFTYIT), has fallen by more than a fifth this year while the benchmark NSE Nifty (.NSEI) has been flat as weaker global demand and a shift towards AI pressures the industry.

Indian Prime Minister Narendra Modi is likely to visit the United States next month for the United Nations General

For PM Modi’s September visit to deliver results, progress is required on two sensitive fronts, the Russia–Ukraine conflict and the India–US trade deal.