these new and emerging areas will attract investments create digitalisation products and services opportunity for the countryin those five years will there be some corrections yes this is the nature of techbecause tech is so disruptive and changes are so rapid a company that was doing say something in the classic web2 area will find itself totally irrelevant in the web3 space 12 years from now he said underlining the need for companies to keep pace with technological changes said in a note this week indias nifty it index has fallen by a quarter this year its first decline in six years and underperforming the benchmark nifty 50 index that is up 15 the bottom line would be that they are doing this cutting variable pay to protect or ease pressure on margins but that also simultaneously conveys that the growth outlook is softening said ruchi mukhija vice president technology and internet elara capital