India’s biggest export economics go topsy-turvy
India's IT services industry is facing a significant challenge in its Q2 earnings season as the revenue generated from each unit of work comes under pressure. While the country's roughly $315-billion technology industry continues to secure large contracts and witness global spending on technology, the productivity gains from AI are increasingly benefiting clients through lower prices rather than increasing revenue for service providers.
This shift in economics represents a deeper change in the industry that could reshape its growth trajectory and job creation.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
