Indian IT services sector to see muted revenue growth of 4-6% in FY25: ICRA
Ongoing challenges, including reduced tech spending and macroeconomic uncertainties in major markets like the US and Europe, drive this forecast.
Ongoing challenges, including reduced tech spending and macroeconomic uncertainties in major markets like the US and Europe, drive this forecast.
IT industry is projected to see a mild revenue increase of 2% in the first three quarters of FY24, with growth remaining modest at 3-5% in FY25.