India’s IT industry could reach about $400 billion in annual revenue by 2030, up from roughly $260–$280 billion today, as global companies embed AI into core operations and outsource higher-value work to Indian providers, Bessemer Venture Partners said.
India's sixth largest IT firm has signed a multi year deal worth over $100 million with a US chemicals and polymers maker and is leaning on AI and automation to lock in efficiency gains.
The announcement sparked mixed reactions on X.
The new venture, REIL, will focus on enterprise AI solutions using Meta’s LLaMA models and Reliance’s industry reach.
With nearly two decades in fintech engineering, Kumar joins to strengthen BharatPe’s tech and UPI infrastructure.
