February 27, 2026 04:28 AM GMT India Technology | Asia Pacific Investor Presentation: Key Themes and Our Order of Preference IT Services – We think IT Services spend multiplier to US nominal GDP growth rate could remain low in the transition phase of the new technology cycle. Valuation multiples for India IT names are comforting relative to the Sensex (vs past five years, even though there could be room for more downside vs the bottom seen during the previous technology cycle) – but relative to the valuatio ...