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Nuvama: Indian IT Sector to Strengthen Amid Gen-AI Shift, No Existential Threat
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Indian IT to Thrive Post Gen-AI Disruption, Says Nuvama Report
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News18
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11-03-2026, 14:30
Indian IT to Thrive Post Gen-AI Disruption, Says Nuvama Report
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Nuvama report states Indian IT services face no major threat from Generative AI, expecting the sector to emerge stronger.
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Concerns about Gen-AI's impact are dismissed, as the need for system integrators to customize enterprise software will persist.
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Similar fears during GFC, RPA, Trump's election, and Covid-19 did not hinder the industry's growth; it emerged stronger each time.
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Nuvama views this as a "deja vu moment," predicting a net increase in the industry's total addressable market.
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Despite near-term volatility, the medium-to-long term outlook is positive, with recent stock corrections making valuations attractive.
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