Opinion National Interest PoV 50-Word Edit

ThePrint On Camera Videos In Pictures

Society & Culture Around Town Book Excerpts Vigyapanti The Dating Story

More Judiciary Education YourTurn Work With Us Campus Voice

Opinion National Interest PoV 50-Word Edit

ThePrint On Camera Videos In Pictures

Society & Culture Around Town Book Excerpts Vigyapanti The Dating Story

More Judiciary Education YourTurn Work With Us Campus Voice

India’s real estate will meet the reality of agentic AI

Investors who bought under-construction properties—hoping to rent them to software engineers—are finding few takers. Even global tech heavyweights would rather invest in high-end chips and data centers than programmers.

New Delhi: The outsourcing industry, India’s largest white-collar employer, is a juggernaut that has all but stopped moving. The dollar revenue at the top five software-services exporters has grown slower than 3% for 10 straight quarters — a shadow of the double-digit expansion in the previous two decades. As these firms squeeze hiring to survive the existential challenge posed by artificial intelligence, the aftershocks are starting to upend everything from real-estate demand to mortgage-underwriting norms.

Last week, Bengaluru-based Infosys Ltd. forecast a much slower pace of increase in sales than analysts had been expecting. At smaller rival HCL Technologies Ltd., revenue for the March quarter declined from the previous three months.

After a four-month, $115 billion rout, investors are losing faith in a business model centered on the most-populous nation’s army of young engineers, which gave it a wage advantage over developed countries. Outsourcing generated a million middle-class jobs every year; it also drove ancillary employment in real estate, retail, and services, according to Mumbai-based Marcellus Investment Managers.

But in the past 36 months,........

© ThePrint