IT sector to log mid-single digit growth for third consecutive fiscal: Crisil Ratings

Share via:


Supported by rupee depreciation, the Indian information technology (IT) services sector may sustain its 6-8% growth in the financial year 2026 (FY26), making it the third consecutive fiscal of mid-single-digit growth for the $280 billion Indian IT services sector, a Crisil Ratings report said.

The report highlighted that the currency depreciation benefits will be around 2% of the growth.

The tepid numbers come amid continuing macroeconomic headwinds and emerging uncertainties in the key markets of the US and Europe, Crisil Ratings said, adding that the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

IT sector to log mid-single digit growth for third consecutive fiscal: Crisil Ratings


Supported by rupee depreciation, the Indian information technology (IT) services sector may sustain its 6-8% growth in the financial year 2026 (FY26), making it the third consecutive fiscal of mid-single-digit growth for the $280 billion Indian IT services sector, a Crisil Ratings report said.

The report highlighted that the currency depreciation benefits will be around 2% of the growth.

The tepid numbers come amid continuing macroeconomic headwinds and emerging uncertainties in the key markets of the US and Europe, Crisil Ratings said, adding that the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

AI gives voice to 200-year-old tree: Are we on...

Imagine strolling through Trinity College Dublin’s verdant campus...

IBM affected by DOGE cuts, downplays impact during Q1...

Tech and consulting giant IBM was not immune...

TSMC shows off new tech for stitching together bigger,...

Taiwan Semiconductor Manufacturing Co on Wednesday unveiled technology...

Popular

Upcoming Events

Three Years After Buying Intellicar Parent Fabric IoT Raises...

SUMMARY Intellicar Telematics' parent entity Fabric IoT has raised...

Elon Musk’s Neuralink could fetch $8.5 billion valuation

Elon Musk's brain implant company Neuralink is planning...

Dropbox adds new features to Dash, its AI-powered search...

Companies like Google and Microsoft have equipped their...
GdfFD GFD GFD GFD GFD GFD GFD