Fund manager warns India sleepwalking into trillion-dollar Big Tech loss

A smart money expert in India named Harsh Gupta Madhusudan is worried about big American internet companies.

He says that every day, Indian people use websites and apps made by companies like Google and Meta.

Because these companies are so big, it is very hard for Indian companies to compete and win.

He thinks India is giving away at least one trillion dollars in value to these American companies.

He also worries that the American government can look at data about Indian people without getting permission from a judge first.

Another expert named Ajay Rotti says these companies do not pay taxes in India.

That is because they do not have offices in India, and the old tax rules say taxes depend on where you have buildings.

More than 140 countries agreed to make new tax rules, but the United States did not join.

Some people say free trade is good, but Madhusudan says even famous economist Paul Krugman agrees with parts of his argument.

This is a big argument about money, data, and what is fair.