Indian IT Sector Faces AI-Driven Transition Amid Market Concerns and Industry Responses

The Indian IT sector is undergoing a challenging transition due to AI-driven automation, with concerns about job losses and disruption to traditional business models. Industry leaders like HCLTech's CEO emphasize a painful but necessary reinvention, highlighting the sector's complexity and potential for growth. Meanwhile, a viral Citrini Research report projects a 2028 scenario of mass layoffs and economic impact, sparking market sell-offs and debate. Experts and investors remain divided, with some viewing AI as a threat and others seeing opportunities for integration and long-term value creation.