Raghuram Rajan counters Citrini report, rejects AI ‘doomsday’ fears for Indian IT

Former RBI Governor Raghuram Rajan has joined the ongoing debate about the future of India’s IT sector, responding to concerns raised by Citrini Research. While he agreed that Artificial Intelligence (AI) is changing the industry in a big way, he rejected extreme “doomsday scenarios” and offered a more balanced and practical view of India’s tech future.

Speaking to Bloomberg Television, Rajan admitted that AI presents challenges. However, he said that “the Indian services story can still persist in many other areas outside of software.”