Why the IT industry in India may be staring at a decline in growth this fiscal
- The note also that the banking and financial services vertical, a critical segment for the IT industry, is facing its own set of challenges
- Growth challenges apart, the industry faces headwinds on the margins front
MUMBAI : What goes up must come down. India’s information technology (IT) exports are estimated to have risen 9.2% in FY19, faster than the 7.8% growth in the preceding fiscal, according to industry lobby group Nasscom. With major IT companies set to report FY19 results and provide an outlook for the new fiscal, a moot question is if growth rates will scale down.
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