Bernstein Open Letter to PM Modi: Why 15 million IT jobs can’t be saved by data centers

Bernstein, in an open letter to Prime Minister Narendra Modi, said that India’s 10–15 million IT and BPO workforce is at risk from AI-led automation, while manufacturing is not scaling fast enough to absorb displaced labour.

The global brokerage highlighted that India has made progress in terms of macro stability, capital expenditure push, and GDP growth, but warned that the country risks under-delivering on its potential.