India’s $264 billion information technology sector could surge past $400 billion by 2030 as artificial intelligence reshapes global outsourcing, according to Silicon Valley venture capital firm Bessemer Venture Partners.

The firm’s latest AI Services Roadmap Report suggests that AI will not disrupt India’s IT industry but rather drive its next phase of growth.

Speaking to CNBC-TV18, Nithin Kaimal, COO and Partner at Bessemer Venture Partners, said the confidence in this projection stems from how AI is accelerating the evolution of outsourcing. “If you look at it from a five or ten-year perspective, outsourcing started with the most basic activities like chat support or call centres and then over time progressed to more complex activities such as order-to-cash and procure-to-pay,” he said

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