BREAKING: 🇮🇳 AI HAS WIPED OUT $50 BILLION from Indian IT companies so far in 2026.

Nifty IT is down 20.77% YTD.
TCS is down 19.95%.
Infosys is down 21%.
Wipro is down 24%.
HCL Tech is down 17%.

Markets appear to be pricing growing risks to India’s decades long IT outsourcing model.

For nearly 30 years, global corporations relied on Indian firms for enterprise support, maintenance, and back office technology services built around scaling skilled labor.

Agentic AI is beginning to change that cost structure. Companies deploying advanced AI internally are increasingly able to complete work that previously required large outsourced teams at significantly lower cost.

Citrini Research recently warned that economies heavily dependent on white collar outsourcing could face disproportionate disruption as AI driven productivity accelerates. India sits directly at the center of that transition.

Similar reactions are already visible globally, where a single Anthropic announcement erased more than $15 billion from cybersecurity stocks within hours last week.

If AI continues compressing enterprise labor costs, the business model that powered India’s IT expansion for decades could face its biggest crisis.