New Delhi, March 11 -- The Indian IT services industry faces no major threat from the emergence of Generative Artificial Intelligence (Gen-AI), and the sector is likely to emerge stronger from the ongoing technological shift, according to a report by Nuvama.

The report noted that with the advent and rapid adoption of Gen-AI, concerns have been raised about the future of the Indian IT services industry.

It added that obituaries of the sector are being written across the market, and these concerns have been amplified by sharp stock reactions, first in global Software-as-a-Service (SaaS) companies and now in IT services firms.

It stated "We see no existential threat from Gen-AI, as we believe the requirement for a system integrator--which...