New Delhi, Aug 21
The Indian IT sector is likely to register 6-7 per cent growth for FY27 amid some improvement in spending as global uncertainties linger, HSBC Global Investment Research said on Thursday.
In the medium to long term, the report continues to expect 3-5 per cent CAGR growth for the Indian IT industry in constant currency.
“Recent financial results for top US corporates (clients of India IT) reflect a very strong business environment,” the report noted.
There is certainly a component of cyclicality as well.
“We believe many of these corporate clients - despite a healthy financial performance - are unsure about the macro environment given tariff uncertainty and firms holding back investments,” the findings showed.