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He argued that productivity gains from AI need to be deliberately channelled back into the workforce to support long-term growth and social stability.
Contrary to the widespread discussion on AI-led job losses, the management said higher fresher intake is being supported by rising productivity at the bottom of the pyramid, enabled by greater use of AI tools and agentic software.
The collaboration comes at a time when global banks are expanding India-based GCCs to scale AI development, talent, and digital product engineering.
Finance Minister Nirmala Sitharaman added that this measure will make India a global leader in services with a 10% global share by 2047.
Within the segment, GCC clients now account for roughly 72% of professional staffing headcount.
Indian IT majors say the next phase will be less about hype and more about fundamentals, clean data, clear accountability, and systems that can explain their decisions at scale.
The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents.
The list of Indian brands in the world’s top 25 IT Services ranking increased from seven to eight, highlighting the sector’s depth, with leaders such as TCS and Infosys combining sustained revenue growth with advanced capabilities in AI, cloud, and cybersecurity.
In a quarter where the larger business grew at a measured pace, AI clearly behaved like a different engine.
The adjustments for labour codes represent an increase in gratuity liability and an increase in leave liability, the company said
The advanced AI business grew nearly 20 percent sequentially, even as overall company revenue rose 4.2 percent quarter-on-quarter in constant currency terms.
The Noida-headquartered company reported a net reduction of 261 employees during the quarter, taking its total employee base to 2,26,379 at the end of Q3FY26.
Nevertheless, restructuring expenses fell sharply in Q3, declining by over 77% QoQ to Rs 253 crore, indicating a tapering of one-time costs linked to the company’s ongoing workforce realignment.
TCS announced around eight deals in the third quarter, the highest among Tier-1 IT companies. Analysts at ICICI Securities have pegged quarterly deal total contract value in the $7billion-$9 billion range
While 2025 was about proving what agentic AI could do, 2026 is expected to be defined by scale and measurable business outcomes
With seasonal headwinds clouding reported numbers, investors are likely to look past the quarter and focus on management commentary around CY26 budgets and AI monetisation timelines
This shift is beginning to stabilise demand, but it is also forcing IT services firms to confront structural changes that will define growth beyond 2026.
For Indian IT companies such as TCS, Infosys, HCLTech, and Cognizant, analysts say a stronger recovery is likely to depend on an improvement in macro conditions rather than company-specific execution alone.
While AI has shortened RFP timelines, its biggest impact has been on the quality of responses rather than speed alone, the Cognizant’s chief AI officer tells Moneycontrol.
The crackdown on foreign students and tougher immigration policies have made the US less welcoming, prompting many to consider alternatives such as Canada and Europe, Hodjat tells Moneycontrol
In an interview with Moneycontrol from the US, Kapoor said EXL has been posting double-digit growth, driven by a business mix that is increasingly data- and AI-led, with artificial intelligence embedded into client workflows.
Lambu said the impact on LTIMindtree's onsite delivery model will be limited because the company has already reduced its dependence on H-1B over the last few years and built a strong local hiring engine in the US.
India’s next wave of social innovators must focus on turning education and training into tangible employment outcomes, Virmani has said
The whitepaper also highlights the rise of Tier-2 cities as expansion hotspots, driven by lower costs and a steady pipeline of engineering talent, however, attracting experienced senior professionals to these locations remains a challenge.
The Teaneck-headquartered company has also asked the court to pause all antitrust-related discovery by Infosys until its dismissal plea is decided.
