Fears of probable recession in the US and tariff programmes on foreign products and services are likely to further delay growth prospects for India’s largest exporting $280 billion-plus outsourcing industry, experts and brokerage firms said in new reports.
Cost pressures could increase and there will be a likely re-pause of discretionary spending on technology by the US firms, which contribute over 50% in revenue share of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/indian-software-service-exporters” target=”_blank”>Indian software service exporters.
“Enterprises will find it challenging to plan medium or long-term in this environment and…
