AI Challenges India's USD190-Billion Services Trade Surplus and Growth Model

India's USD190-billion services trade surplus, largely driven by software and consulting exports, faces potential disruption from Artificial Intelligence (AI). AI challenges the traditional labor-arbitrage model that underpinned India's services growth, prompting IT firms to adopt automation and global capability center-led services. The key issue is whether India can rapidly advance up the value chain to sustain its services export dominance amid these technological shifts.