Rajan Warns AI Disrupts India's Software Sector

Raghuram Rajan, former Reserve Bank of India governor, said in a Bloomberg interview on Feb. 27, 2026, that artificial intelligence will disrupt India’s services sector—particularly software firms—though predictions of a doomsday scenario are exaggerated. He said adoption outside the technological frontier will be gradual, urged rapid reskilling and training, and recommended investing in education and R&D rather than costly chip subsidies.