Indian IT Firms Generate $20B in Cash Flows, Experts Urge Innovation Amid AI Disruption.

Indian IT firms in 2020 saw a remarkable achievement, generating a whopping $20 billion in free cash flows, with more than 75% of this amount being returned to share

Indian IT firms in 2020 saw a remarkable achievement, generating a whopping $20 billion in free cash flows, with more than 75% of this amount being returned to shareholders. As the industry faces disruption from artificial intelligence (AI) impacting traditional business models, experts emphasize the necessity for a strategic reset. They recommend a shift towards reinvesting in innovation and making strategic investments to capitalize on future opportunities, rather than solely prioritizing short-term shareholder returns. This strategic realignment is crucial for Indian IT companies to stay competitive and adapt to the evolving landscape.