As the quarterly results season begins next week, the Indian IT services sector is preparing for a mixed performance in the third quarter of FY25, a period traditionally considered weak due to seasonal furloughs, according to a report by Centrum
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The revenue growth for India's leading IT services companies is expected to remain subdued in the third quarter of FY25 due to the impact of furloughs and cautious client spending, according to a report by JM Financial.
India's current account deficit (CAD) remained largely stable at USD 11.2 billion, or 1.2 per cent of GDP, in the second quarter (Q2) of fiscal 2025, compared with USD 11.3 billion (1.3 per cent of GDP) in the same period last year.
The market share breakup for smartphones sold by Chinese, Indian and global brands have largely remained the same over the last five years. Make in India's efforts to localise production of smartphones to the Indian soil has made no dent in the dominance of Chinese smartphones in the Indi
India's current account deficit (CAD) widened slightly to USD 11.2bn (1.2% of GDP) in Q2 from USD 10.2bn (1.1% of GDP) in the previous quarter. However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
Resilient services exports and remittance inflows are likely to cushion the overall impact, keeping the CAD for FY25 within a manageable range of 1.2 per cent-1.5 per cent of GDP.