Indian IT sector's revenue growth projected at 3-5% in FY25, with muted hiring, per ICRA.
Indian IT sector's revenue growth is projected at 3-5% in FY25, with hiring remaining muted, according to ICRA. The credit rating agency maintains a stable outlook for the industry, citing strong balance sheets and cash flow generation. The banking, financial services, and insurance sectors have contracted more than others, but critical spending and cost optimization deals provide some growth prospects for Indian IT companies.
March 18, 2024
9 Articles