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TV Mohandas Pai Predicts IT Services Growth Surge in Two Years Driven by AI Expansion
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CNBC TV18•09-10-2026, 11:45
TV Mohandas Pai Predicts IT Services Growth Surge in Two Years Driven by AI Expansion
- •Mohandas Pai states that India's IT services industry will likely see improved growth over the next two years as enterprises accelerate their adoption of artificial intelligence.
- •Bhavin Shah of Sameeksha Capital expects largecap IT stocks to deliver annualized returns of 8 to 10 percent, supported by strong cash generation despite AI-led productivity constraints.
- •Pai believes the US suspension of PERM processing will have a limited impact on Indian IT firms due to their increased local hiring of 60 to 70 percent US staff.
- •Indian IT companies are positioning themselves as crucial intermediaries to help global enterprises integrate AI securely into their core business systems.
Key Questions Answered
Mohandas Pai predicts that growth in India's IT services sector will pick up over the next two years as enterprises expand their adoption of artificial intelligence.
Bhavin Shah expects largecap IT stocks to deliver annualised returns of approximately 8% to 10%, though actual portfolio suitability will vary depending on investor expectations.
Mohandas Pai expects the US suspension of PERM processing to have a limited impact on Indian IT services firms, highlighting their increased local hiring in the United States and existing green card backlogs.
