“We have to tighten our belts”, Pashupati Advani warns of LPG crunch, IT job losses, and a 2-month earnings hole

Market veteran Pashupati Advani remains cautious about the current market rally, citing unresolved fundamental uncertainties like the Strait of Hormuz closure and its impact on India’s oil and LNG imports. He highlights tangible issues such as LPG shortages and concerns about the IT sector facing headwinds from visa restrictions, AI, and job market stagnation, warning of potential economic fallout.