Nasscom has projected that agentic AI will add $300 to $400 billion in addressable technology-services spend globally by 2030, with Indian IT firms uniquely positioned to capture a dominant share of this opportunity. Indian technology companies already earn an estimated $10 to $12 billion in AI services revenue annually, and agentic AI — where AI systems autonomously execute multi-step tasks — represents the next major inflection point for India’s $250 billion IT industry.
The projection, highlighted in Nasscom’s mid-year 2026 industry analysis, comes as Indian IT firms including TCS, Infosys, Wipro, and HCL Tech have all restructured service lines around AI delivery. The shift from traditional managed services to agentic AI deployment is being driven by enterprise demand in the US, UK, and EU — India’s three largest IT export markets.
What Is Agentic AI and Why Is India’s Tech Services Sector Targeting It?
Agentic AI refers to AI systems that can autonomously plan, decide, and execute multi-step workflows — going beyond chatbots and copilots to function as independent digital workers. For India’s IT services sector, this represents a transformational opportunity: instead of providing human labour to execute repetitive tasks, Indian firms can deploy AI agents that run 24/7 at a fraction of the cost. Nasscom’s $300–400 billion addressable market estimate covers agentic AI services across software development, BPO, financial services, healthcare IT, and enterprise infrastructure — all categories where Indian firms hold established relationships and delivery capability.
How Will Agentic AI Change India’s IT Industry by 2030?
The shift to agentic AI is expected to restructure India’s IT workforce and business models significantly. Nasscom estimates that while AI will automate 30–40% of current task volumes in IT services, it will simultaneously create new categories of work — AI agent training, orchestration, governance, and customisation — that will require upskilled Indian talent. Indian IT firms that successfully transition from headcount-driven delivery to agent-driven delivery could see EBITDA margins improve by 5–8 percentage points, as fixed-cost labour pools are replaced by scalable AI infrastructure. The $10–12 billion in current AI services revenue is expected to triple by 2028 as agentic AI contracts begin to scale.
Industry Reaction and Expert Commentary
Nasscom President Rajesh Nambiar stated: “India’s tech services sector is at an inflection point. The agentic AI wave is not a threat — it is the single largest growth opportunity Indian IT has seen since cloud.” TCS CEO K Krithivasan noted that TCS had already deployed over 600 AI agents across client engagements as of Q1 FY2027, with pipeline growing at 40% quarter-on-quarter. Infosys reported that agentic AI-related work now constitutes 18% of its new deal bookings. Goldman Sachs analysts raised their IT sector revenue growth estimate for India from 8% to 12% CAGR through 2029, citing agentic AI as the primary driver.
What Happens Next?
Nasscom is expected to release a detailed agentic AI readiness framework for Indian IT firms in Q3 2026, covering agent architecture, governance standards, and client ROI benchmarking. The government’s IndiaAI Mission has earmarked ₹10,372 crore for AI infrastructure including compute capacity — a critical enabler for training and running agentic AI models domestically. Industry watchers expect at least three major Indian IT firms to announce dedicated agentic AI business units or subsidiaries before the end of 2026.
Frequently Asked Questions
What is Nasscom’s agentic AI market projection for India?
Nasscom projects that agentic AI will add $300 to $400 billion in addressable tech-services spend globally by 2030. Indian IT firms, which already earn $10–12 billion in AI services revenue annually, are expected to be major beneficiaries given their established enterprise client relationships and delivery infrastructure.
How is agentic AI different from generative AI?
Generative AI creates content — text, images, code — when prompted by a human. Agentic AI goes further: it autonomously plans and executes multi-step tasks, making decisions and using tools without constant human input. For IT services, this means AI agents can handle entire workflows like software testing, invoice processing, or customer onboarding independently.
Which Indian IT companies are leading in agentic AI services?
TCS has deployed over 600 AI agents across client engagements as of mid-2026. Infosys reports that agentic AI-related work now makes up 18% of new deal bookings. Wipro and HCL Tech have also restructured service lines specifically around agentic AI delivery, targeting US, UK, and EU enterprise clients.
Leave a comment