New Delhi, April 26 -- India's IT sector, heavily reliant on the business from the US, is gripped with uncertainties related to the US tariffs and a global slowdown. Meanwhile, the International Monetary Fund (IMF) has reduced India's growth forecast to 6.2% for FY26 from 6.5% earlier. Gold prices have surged past the Rs.1 lakh-mark in the retail market.

India's IT sector is feeling the strain as rising global economic uncertainties due to the US-imposed tariffs weigh heavily on growth prospects. After registering double-digit revenue growth in FY22 and FY23, leading IT firms are now facing low single digit expansion, a Mint analysis showed. In Q4FY25, top players-Wipro, Infosys, and HCL Technologies-even saw a decline in revenues on a m...