India's information technology (IT) sector, long perceived as a potential casualty of the artificial intelligence disruption, may instead be emerging as a structural beneficiary of the AI transition, according to a recent report by Jefferies.
Prime Minister Narendra Modi on Tuesday said that artificial intelligence (AI) is not replacing India's IT sector but transforming it, potentially enabling the industry to reach $400 billion by 2030, as the India AI Impact Summit 2026 commenced in the national capital. The summit marks th
IT firms have transitioned from traditional digital transformation projects toward AI-centric engagements, with AI deals now forming nearly 74% of all contracts signed in the last six quarters, the report said. Companies such as TCS, Infosys, HCLTech, Wipro, LTIMindtree and Tech Mahindra rep
The Indian information technology (IT) sector is expected to register improved second half of the current financial year, supported by AI-led projects, better client engagement, and an uptick in discretionary spending, according to a report by Centrum Research.