Business news · AI & Tech · 06 Oct 2026
IN Information Technology Services
AI: India AI · Work and services · Enterprise software — more AI news
A World Bank report on India found that roughly three in four firms are not using artificial intelligence, and that use is concentrated among formal businesses while small informal ones have barely begun. It estimated that 14% of Indian workers are in jobs where AI can add to their productivity. In sectors most exposed to generative AI it recorded both job losses and job creation, most visibly in entry-level roles, and described the change so far as task reallocation more than broad job loss.
The finance angle is the size of the untapped domestic market: with about 75% of firms not yet using AI, most enterprise spending on it in India is still ahead, and that is the revenue line Indian IT services companies, cloud providers and data-centre builders compete for. The report gives no rupee figure for that spending. Its entry-level finding touches the hiring model of IT services firms, whose cost base rests on large fresher intakes. The Bank urged India to draw private investment into compute capacity and data centres.
Reported by Business Today — “Around 75% of firms in India are still not using artificial intelligence, with AI adoption remaining uneven across the economy: World Bank” ↗ on 06 Oct 2026.
NSE stocks, from the last close on or before 06 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | +6.1% | 31 of 40 | +7.6 pts |
| Services | 30 | -1.1% | 9 of 30 | +0.3 pts |
| All tracked stocks | 804 | -1.4% | 284 of 804 | — |
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