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Indian IT sees pockets of H2 recovery in US, EU as BFSI revs up



India’s IT services exporters showed pockets of recovery in the second quarter in North America and Europe, with renewed momentum for the industry’s largest vertical – the banking, financial services and insurance (BFSI) sector.

This helped offset the lingering pressure from telecom, retail and automotive clients.

Healthy deal bookings, rise in headcount and protected margins signalled a stronger outlook for the second half of the ongoing fiscal year ending March 2026, showing a slow recovery from a prolonged global technology spending slump of…



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