India’s IT industry is earning more from AI, but job growth remains uneven

Research Buddy — Today’s News & Updates

Thursday, 29 October 2026 · India, technology, business and employment

Today’s briefing looks at the developments shaping India’s job market, enterprise AI adoption, the global AI race and the skills employers may need next. Each story includes the context behind the headline and why it matters.

1. India’s IT industry is earning more from AI, but job growth remains uneven

Financial Times · 28 October 2026

India’s IT services industry is showing signs of adapting to AI rather than simply being disrupted by it. According to the Financial Times, AI integration services now account for more than 10% of revenue at both Tata Consultancy Services (TCS) and Infosys. Their AI-related revenue reportedly grew nearly 20% at TCS and 29% at Infosys in their latest reported quarters.

The shift matters because businesses need help incorporating AI into existing systems, not just access to AI models. Technology services companies can earn revenue by connecting models to company data, modernising software, automating workflows and building systems that meet security and reliability requirements.

However, the hiring picture is more complicated. A separate report on September-quarter results showed that HCLTech added 6,450 employees, including 6,136 freshers, while Infosys added 4,480 employees. Wipro, by contrast, reduced its workforce by 6,716.

Why it matters: AI-related business growth does not automatically translate into uniform job creation. Companies may need fewer people for some repetitive tasks while hiring for AI integration, cloud engineering, data and specialised software work.

What to watch next: Whether AI-related revenue growth results in sustained graduate recruitment and how quickly companies translate new contracts into actual jobs.

Sources: Financial Times: India’s outsourcers defy AI threat · Financial Express: IT hiring results

Editorial source note

These figures remain attributed to the supplied reports, not independently verified by Aiexl. Direct access to both supplied source links returned HTTP 403 during checking. The photograph is illustrative, not a photograph of the reported companies or events.

Today’s key takeaways

Employment: AI-related business is growing, but hiring remains uneven between companies and roles. GCCs are another important part of India's technology employment landscape.

AI in finance: The securities regulator's proposal illustrates how AI may be applied to oversight and market monitoring, with governance and human review remaining important.

AI development: The reported use of model-generated outputs for training highlights the growing importance of data quality, provenance and responsible development.

Education and careers: Degrees remain valuable, but students also need practical evidence of their skills, including projects, technical explanations and problem-solving.

The big picture for 29 October: AI is moving deeper into enterprise operations, financial supervision and the business models of technology companies. At the same time, the employment benefits are not automatic. The central question for businesses is whether AI delivers measurable value; for workers and students, it is how to develop skills that translate into useful work.