India’s Tata Electronics has formed a partnership with Nexperia in the semiconductor sector.

ING economist Deepali Bhargava says India’s outsourcing industry shows little sign of being displaced by AI as it moves into harder-to-automate, higher-value services. Software services exports’ share of GDP rose from 3.3% pre‑pandemic to about 5.2%; business services (finance, accounting, engineering, research and analytics) more than doubled to 3.3%. ING data show India accounts for over half the global outsourcing market, earns roughly $205bn a year from software services exports and supports about 5.8 mln workers. Software and business services exports combined equal about 8.5% of GDP and remain a material source of foreign exchange, challenging fears that generative AI will hollow out one of India’s key industries.

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