> fewer outsourcing contracts are flowing to India.

That's not necessarily because of AI. The trend has been going downward for some time, anyway.

Outsourcing has drawbacks; usually ones that aren't apparent, until it has been in place for a while (I won't go into what they are, because this isn't really the proper venue, and I don't feel like arguing). I think that many companies have been learning about these drawbacks, in the last few years.

But AI is likely to impact some (not all) jobs that would normally be offshored.