AI may power next phase of India’s IT growth

Artificial intelligence (AI) could become the next leg of growth for India’s information technology (IT) sector rather than a source of disruption, according to a latest report by KKR.

“We would also push back on the view that AI is a threat to Indian IT. Our sense from the road is the opposite. As these IT companies embed AI into their service delivery systems, we think it is likely to become the next leg of growth rather than only a source of disruption,” said Henry McVey, head of global macro & asset allocation and CIO of KKR’s balance sheet, in his Thoughts from the Road report published on Wednesday.