Saralnama
India's tech services industry will grow slowly with 5-7% revenue rise over five years. Recovery is expected between 2027 and 2030. Demand for AI and data services will grow faster, at 12-15%. Hybrid teams of humans and AI will reshape work models. Mid-sized companies will adopt technology faster. The industry needs to focus on reskilling workers to lead this change. Agentic AI could create new spending worth $300-500 billion. The tech sector must invest more in research and development to stay competitive. This outlook was shared by Nasscom and McKinsey on 26 Aug 2025 in Bengaluru. To support growth, companies should balance budgets toward AI and improve talent skills. (Updated 26 Aug 2025, 22:55 IST; source: link)