JPMorgan predicts years‑long slowdown for Indian IT as AI deflation persists
JPMorgan says India's IT services will stay stuck at 2‑3% revenue growth for years as AI‑driven productivity gains are still in a deflationary phase and geopolitical headwinds curb client spend. The brokerage warns that a meaningful recovery may only arrive once AI shifts from cost‑saving to revenue‑generating, extending the sector's slowdown.