Monday, 21 April, 2025
US Tariff Uncertainty Threatens Key Revenue Streams for Indian IT Firms
Persistent global tariff uncertainties, particularly involving China, are impacting India's $280 billion IT services industry. Key sectors like consumer goods, retail, and manufacturing—which collectively contribute 25–30% to industry revenues—are facing reduced tech budgets due to supply chain disruptions and cautious spending. Major IT firms, including TCS, Infosys, and Wipro, have reported flat growth and anticipate a challenging near-term business environment.
Read full story at Economic Times