AWS and other hyperscalers are automating the modernization work that powered India's IT services boom. The result could reshape how firms like TCS and Infosys make money.

Tata Sons Chairman N Chandrasekaran revealed that TCS could match its human workforce with AI agents in three years, calling AI a transformative opportunity.

Addressing the concerns that AI could reduce demand for traditional IT services, Chandrasekaran said the market has misunderstood the relationship between AI and technology…