How AI is tilting India’s IT balance

An average Indian IT company with $1 billion in revenues employs nearly 30,000 people. But, in three years, a $1-billion IT services company could be staffed by 1,000 full-time equivalents (FTEs), predicts Ray Wang, CEO of Constellation Research. “A 100-person software company will take out a $100 billion (annual recurring revenue) company in the next three years,” he said.

The typical playbook of hiring software engineers offshore to drive technology projects at low costs is being rewritten rapidly with AI. With Agentic AI altering how software…