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Wipro 3.0: The Transformation Wipro Now Needs

I. The Market Has Delivered a Warning Wipro Ltd is scheduled to leave the Nifty 50 on 30 September 2026 and BSE Ltd scheduled to take its place. The mechanics are straightforward: the index is periodically rebalanced according to its methodology, and BSE's six-month average free-float market capitalisation of ₹1.41 lakh crore is now at least 1.5 times that of Wipro, whose corresponding figure is ₹55,930 crore. Wipro will move to the Nifty Next 50.  An index reshuffle is, of course, a mechanical exercise, and should not by itself be interpreted as a judgement on the quality of a business.  But sometimes a mechanical event acquires meaning from the circumstances surrounding it. Wipro's impending exit comes after a difficult period for its core IT-services business. In the quarter ended June 2026, consolidated revenue rose 10.6 per cent year-on-year to ₹24,479 crore, but IT-services revenue increased only 0.9 per cent in constant-currency terms and declined 1.2 per cent sequentia...
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AI Won’t Create India’s Jobs Crisis. But We’re Looking at the Problem from the Wrong End

A recent opinion article by three Ashoka University economists (titled "AI won’t create India’s jobs crisis, but it could deepen it", published on 16 August in Economic Times) argues that artificial intelligence may not create India’s jobs crisis, but it could deepen an existing one. India already suffers from a shortage of productive middle-skill employment. Too many educated young people compete for too few routes into work that offers status, security and mobility. Much recent employment growth has been in low-productivity agriculture and informal services. AI, by encroaching on the cognitive tasks that once provided entry points into white-collar work, risks hollowing out the middle still further. The diagnosis is largely correct. The prescriptions — productive non-farm jobs, technology-complementary occupations, and role-specific AI skilling — are sensible as far as they go. They do not go far enough. The article treats the problem primarily as a labour-market and skilli...
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Beyond Deregulation: Building the Regulatory Capability for Viksit Bharat

I. From Political Independence to Institutional Capability India enters its 80th year of Independence with an ambition that would have seemed extraordinary in 1947: to become a developed nation by 2047. The vision of Viksit Bharat is not simply an aspiration for a larger economy. It implies the development of capabilities across manufacturing, agriculture and food processing, technology and innovation, infrastructure, defence, energy and the green and blue economies. In their Independence Day addresses, President Droupadi Murmu (in the I-Day eve address) and Prime Minister Narendra Modi placed considerable emphasis on the people and institutions that must carry this transformation forward — students, scientists, engineers, entrepreneurs, workers, and public institutions. Yet ambitious development requires not only productive capabilities, but also institutions capable of governing the increasingly complex economy that those capabilities will create. This brings regulation into an impor...
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