Avinash Pandit

Neetu, I have...

a very, very strong feeling that companies will start setting up their own offshoring units inside of India, which is already happening, by the way, with GCCs.

Oh, GCCs.

With GCCs.

Yeah.

So, now...

See problem is that majority of these IT service companies have only few products per se.

Like Infosys has a product called Finacle which has been there since 20 years.

Which is like the back end of banking for probably 25% of the retail banking in the world.

But such products are very few.

Their major work is maintenance of legacy code.

So there have been some improvements.

But majorly it is ensuring that all of this is running without any problems.

All of this is pattern recognition.

There is a big pattern recognition.

AI can do a substantially better job in any of these.

And like I gave an example, I think one person who is utilizing AI properly can probably do the work of 10-20 people at this point of time.

So their model on arbitrage, but the model is billing on a per user number of hours billed.

I think that model itself is breaking down.

then it is possible that