Archive · 7 Oct 2026
KKR Says AI Could Power India’s Next IT Growth Phase
A report from KKR says artificial intelligence could help India’s technology companies grow.
The report’s author, Henry McVey, says AI may help companies deliver their services rather than simply threaten their business.
He also says global capability centres are becoming more important to the sector.
McVey credits reforms and infrastructure building since 2014 with supporting India’s economic growth.
He says the economy is now worth more than $4 trillion and could double in ten years.
The report also says higher oil prices may slow consumer spending for a while.
It argues that government policies have helped protect households from some of the impact.
KKR’s Henry McVey said AI could become a new growth driver for Indian IT companies as they incorporate it into services.
McVey said global capability centres are increasingly becoming an important growth engine alongside traditional IT services.
He pointed to reforms since 2014, including GST simplification, insolvency law, labour formalisation and infrastructure investment.
McVey said India’s economy has crossed $4 trillion and could double over the next decade.
He said government policies have helped shield consumers from oil-price inflation, while acknowledging a near-term pause in consumer upgrades.
- Who
- Henry McVey, KKR’s head of global macro and asset allocation and CIO of its balance sheet.
- What
- McVey said AI could become a growth driver for India’s IT sector and discussed the country’s economic outlook.
- When
- The report was published on Wednesday; it also discussed reforms introduced since 2014 and the next decade’s outlook.
- Where
- India.
- Why
- McVey said IT companies are embedding AI in service delivery, while reforms and infrastructure investment have supported India’s growth.
- Report
- KKR’s Thoughts from the Road
- AI outlook
- AI could be the next leg of growth for Indian IT, McVey said.
- Emerging growth engine
- Global capability centres are increasingly taking the baton from traditional IT services.
- Reform period
- McVey cited reforms and infrastructure development since 2014.
- Economy
- The article says India’s economy has crossed $4 trillion.
- Growth projection
- McVey said India is on track to double its economy over the next ten years.
- Consumer outlook
- McVey acknowledged a near-term pause in consumer upgrades while oil remains around $100.