Indian IT sector faces Q3 slowdown but eyes Q4 recovery fueled by AI and cloud demand.

The Indian IT sector expects slow growth in Q3 FY25 due to seasonal factors but anticipates a recovery in Q4 as companies execute new deals. Demand has dropped due to economic uncertainties and cautious client spending. Despite challenges, the outlook remains positive, driven by AI, digital solutions, and cloud migration. The BFSI sector shows early signs of recovery, and IT firms are boosting AI and ML capabilities to meet growing demand for AI-based solutions.

November 18, 2024
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