For the last two years, generative AI was going to kill Indian IT. The argument seemed almost self-evident — if machines can write code, a $250 billion industry built on getting humans to write it cheaper has nowhere left to go. Investors acted accordingly, and the sector has since underperformed the broader market by 30% or more.The industry has spent this year pushing back. It cut margins, restructured workforces, built platforms, and told clients that AI has not transformed their enterprises ...