Indian IT firms turn to acquisitions as AI squeezes traditional growth
India’s leading information technology companies are accelerating acquisitions as slowing demand and the rapid rise of artificial intelligence begin to reshape the sector’s growth model.
The latest sign of this shift came from Wipro, which this week agreed to acquire Mindsprint from Singapore-based Olam Group for $375 million, alongside an eight-year technology services contract worth more than $1 billion.
