There has been some worrying news on the side of the economy which has remained confined to the business newspapers. It concerns India’s large information technology and software industry and companies like Infosys, TCS and Wipro. These firms, which were expanding quickly for the last two decades, have all slowed down.
They are now growing at single digits annually and even that is a struggle. This has caused speculation that the industry is in a death spiral in India. One reason for this slowing down is that automation is replacing human capital. This affects the services being offered by these […]