Srikanth Velamakanni, the newly appointed Chairman of the National Association of Software and Service Companies (Nasscom), asserts that artificial intelligence (AI) will not pose a threat to India's technology sector but will instead accelerate its growth. He highlighted that while the industry faces challenges such as geopolitical uncertainties and reduced hiring trends, there is significant potential for expansion driven by AI. Velamakanni noted that TCS (Tata Consultancy Services) plans to hire 25,000 freshers in the financial year 2027, a decrease from previous hiring plans, reflecting broader industry trends. Despite this, he remains optimistic about the future, suggesting that AI will create a multi-trillion dollar opportunity, leading to increased demand for talent. Nasscom estimates indicate that the Indian tech industry could reach nearly USD 300 billion in revenue by FY 2026, up from approximately USD 282 billion in FY 2025. Velamakanni also acknowledged the impact of geopolitical turmoil on decision-making within the industry, urging companies to build resilience to navigate these challenges effectively.