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Elevated regulatory and economic uncertainties caused by the Trump administration’s policies, along with sporadic pauses on IT budgets by corporate clients, are likely to delay or derail a recovery for India’s $280 billion IT services sector.
Analysts expect IT industry revenue to have dropped as much as 1.3% sequentially in the fourth quarter ended March 31, with their forecast for the best-case scenario limited to 0.3% growth. Margins are likely to show impact of seasonal weakness, deal ramp downs and continued constraints on discretionary…
