As companies rethink spends, IT braces for weaker India numbers
BENGALURU: IT companies are bracing for slower growth in their India business, as companies hold back on technology spends to adjust to a slowing economy. While the country does not constitute a large proportion of IT companies’ revenue, it is nevertheless a key growth market, with firms such as Cognizant and Tata Consultancy Services (TCS) looking to expand their business locally. “The volatility in India has been because it is project related, but there is also a slowdown in the private sector business,” TCS CEO Rajesh Gopinathan told ET.
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