AI Crisis: Citrini Report Predicts End of India's IT Outsourcing Model by 2028

• Citrini Research's "The 2028 Global Intelligence Crisis" report warns of a structural shift impacting India's IT sector.
• The report suggests Agentic AI will neutralize India's "labor arbitrage" model, making human developers less cost-effective.
• NSE Nifty IT Index is down 21% this month, wiping out over $54 billion, with a 4.9% single-day drop.
• Predictions include accelerated contract cancellations, a vanishing services surplus, and an 18% rupee depreciation.
• The report forecasts IMF discussions with India by Q1 2028 and proposes an 'AI Tax' to mitigate job displacement.