IT Sector Pivoting to AI-Led Model: Ashwini Vaishnaw

Ashwini Vaishnaw said Indian IT firms are well positioned to deliver AI services despite job loss concerns. Speaking at the India AI Impact Summit in New Delhi, he noted the sector is shifting toward an AI-driven services model. He highlighted that global enterprises have thousands of legacy systems requiring upgrades for modern AI integration. The minister emphasized IT companies are actively building capabilities around AI-based solutions. His remarks come amid pressure on IT stocks over automation fears and slower discretionary spending. #AshwiniVaishnaw #IndianIT #AITransition #TechSector #MarketUpdate