With AI in focus, the next decade is about ‘value realisation’: McKinsey

For India’s over $244 billion IT services industry, growth remains slow amid macroeconomic uncertainties. According to strategy and consulting firm McKinsey, the anticipated $100 billion to $150 billion in new revenue from GenAI-driven offerings has also been slow to materialise.

Additionally, if the tariff threat made by the US President Donald Trump becomes a reality, then that too will have an impact on the industry.