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Wall Street-Shaking AI Report Warns of Dire Future for Indian IT
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AI Crisis: Citrini Report Predicts End of India's IT Outsourcing Model by 2028
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CNBC TV18
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24-02-2026, 15:48
AI Crisis: Citrini Report Predicts End of India's IT Outsourcing Model by 2028
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Citrini Research's "The 2028 Global Intelligence Crisis" report warns of a structural shift impacting India's IT sector.
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The report suggests Agentic AI will neutralize India's "labor arbitrage" model, making human developers less cost-effective.
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NSE Nifty IT Index is down 21% this month, wiping out over $54 billion, with a 4.9% single-day drop.
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Predictions include accelerated contract cancellations, a vanishing services surplus, and an 18% rupee depreciation.
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The report forecasts IMF discussions with India by Q1 2028 and proposes an 'AI Tax' to mitigate job displacement.
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