Reported 4 days ago
India's $283-billion IT sector is expected to face significant challenges as new tariffs could trigger inflation in the US, leading clients to cut spending. Analysts warn that this might slow down deal cycles, delay projects, and hinder revenue growth, particularly affecting firms heavily reliant on discretionary spending. With J.P. Morgan raising the odds of a US recession to 60%, Indian IT firms are likely to issue conservative revenue growth forecasts in the upcoming quarterly results.
Source: YAHOO