THE RISE OF FOREIGN-OWNED GCCS AND THE QUIET DECLINE OF INDIA'S IT GIANTS The story told about Indian IT is a story of disruption. Artificial intelligence, the argument goes, is automating the work that built a $224 billion export industry, the code-writing, the testing, the legacy migration, and the national champions that built it are scrambling to adapt. That story is true. It is also incomplete in a way that matters. Illustration by Geopolitics Next The more significant s