New Delhi, Jan. 21 -- The $285 billion IT services industry, employing 5.8 million people, continues to navigate an uncertain environment with multiple headwinds from AI to geopolitics. Yet, India remains central to delivering technology services at scale, even as entry-level tasks are increasingly automated.
Against this backdrop, the Q3 results offer a view of the pressures, priorities and pockets of growth for India's IT services sector. Mint takes a look:
The Q3 earnings indicate that pain points persist for IT services companies, which are now staring at a third consecutive year of glacial growth. Revenue growth has slowed, impacted by global macroeconomic headwinds, cautious client spending, and prolonged decision-making cycles.
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