AI to Reshape Indian IT: Cognizant CEO Predicts Job Shifts, Double-Digit Growth

• Cognizant CEO Ravi Kumar stated at WEF 2026 that AI will eliminate many tech roles but create new ones, with over 90% of future IT jobs linked to AI.
• Kumar emphasized that the next three years will involve "big and bold bets" for the global tech industry, as AI fundamentally changes software development and company operations.
• He noted that India's IT services sector is structurally poised for double-digit growth, driven by AI applications leading to increased productivity.
• Cognizant has already seen a 10% increase in revenue per employee due to productivity gains, expecting higher wages and broader job creation, especially at entry levels, for specialized AI skills.
• Cognizant is in advanced talks with Indian regulators for a potential local listing, aiming to be among the first global IT firms to complete the process.

Why It Matters: AI will transform the Indian IT sector, leading to job shifts, increased productivity, and a new growth cycle.