India's IT sector downsizes amid AI disruption

Per Semafor, India's IT sector — long a pillar of the nation's economic growth — is facing significant disruption from artificial intelligence. Several major employers have cut headcount by as much as six percent this year, and the IT stock index has fallen eighteen percent in twenty twenty-six. Prime Minister Narendra Modi has downplayed the job-displacement concerns. India, which lags in frontier AI development, is redirecting its strategy toward manufacturing consumer electronics.

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