“I’ve Never Seen A Crisis Like This”: Nischal Maheshwari’s Big Warning For India

Veteran market expert Nischal Maheshwari has issued a stark warning on the growing economic risks facing India amid the West Asia crisis and rapid AI disruption. Speaking on Business Today Television, Maheshwari said this could turn out to be one of the worst crises India has witnessed, even bigger than the 1990s economic turmoil or the 2008 global financial crisis. He warned that if crude oil prices remain above $100 for a prolonged period, India’s fiscal deficit, inflation and interest rates could come under massive pressure. At the same time, he highlighted a second major threat - AI disruption in the IT sector. According to him, Indian IT companies still do not have a clear roadmap to tackle the fast-changing AI landscape.