The medium-term outlook for the information technology (IT) industry in the country remains cautiously optimistic despite persisting macroeconomic headwinds and continued client spending caution, according to a research outlook report on the IT sector by Mirae Asset Sharekhan.
The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.