Monday, 6 July, 2026
The Perfect Storm: Indian IT Giants Stumble as Clients Relocate Budgets to AI
By TechShots Studio
India’s major IT firms are bracing for a subdued April–June quarter, weighed down by sluggish client spending and global geopolitical tensions. While global businesses rapidly adopt automated AI agents to cut software development costs, they are pulling back on traditional outsourcing services. Consequently, India's tech sector is facing deep pricing pressures and a severe deceleration in revenue growth, forcing firms to slow human hiring.
Read full story at REUTERS