India’s IT Services Giants Hit With Steepest Growth Slowdown in Years
India’s leading IT service firms are entering uncharted waters as they face the most significant growth slowdown in years. Major corporations are reining in their tech projects due to ongoing global economic uncertainty and geopolitical issues.
Key Points
- Infosys predicts a revenue growth of only 0-3% for the fiscal year ending March 2026, underwhelming analyst expectations of 6.3%.
- The company reported a 12% decline in net income, totalling $823 million, which still surpassed analyst estimates.
- Tata Consultancy Services and Wipro are also voicing similar concerns, indicating a broader industry trend.
- Global trade policies, specifically tariffs instituted by the US, are adding to an already challenging landscape for Indian IT firms.
- Many firms are grappling with cautious client spending that has made large tech projects less viable.
Why should I read this?
Let’s face it, the once booming world of Indian IT is now facing some serious headwinds, and this article gives you the lowdown on the current state of affairs. If you’re interested in how global economic trends affect one of the world’s major tech hubs, then you’ll want to check this out—it’ll save you from digesting the full report yourself!