Market veteran Pashupati Advani says India’s rally may be fragile, pointing to unresolved risks like disruptions around the Strait of Hormuz that could affect oil and LNG imports. He also flags a near-term LPG crunch and growing pressure on IT jobs, citing visa curbs, AI disruption, and stagnant hiring—calling it a potential earnings shock.
As AI accelerates change, IT companies are spending billions on reskilling and retraining programs. Yet a growing segment of workers appears unable to transition fast enough, raising retention and job-loss risks. The challenge is less about funding and more about learning pace, habit inertia, and whether training can meaningfully close skill gaps before roles disappear.
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India’s biggest IT services firm TCS cut 23,460 employees in FY26, taking its strength to 584,519. The company says restructuring is complete and it plans aggressive campus hiring, targeting about 40,000 freshers every year. Still, TCS is holding back on clearer FY27 hiring plans as global demand remains uncertain, despite no more layoffs for now.
AI adoption is reshaping India’s IT hiring patterns. Companies are moderating entry-level hiring while keeping mid and senior roles largely stable, reflecting a shift toward domain knowledge plus AI capability. The report says productivity gains are strong as AI complements technical work, helping firms scale efficiently. However, AI training coverage remains limited, creating uneven readiness across the talent pipeline.
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