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Story summary
- The Indian outsourcing industry faces AI-driven challenges as the Nifty IT index falls about 20% this year.
- Anthropic's AI tool claims it can automate key tasks, threatening traditional entry-level roles.
- Industry leaders warn up to 50% of entry-level jobs could vanish by 2030.
- Analysts expect a shift to higher-value consulting, while revenue growth may stagnate.
- Rising US visa costs may further strain the sector.
