Slowing growth casualty of tariff war: Tech majors

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Infosys, on Thursday, joined peers Tata Consultancy Services (TCS) and Wipro in highlighting the impact of an uncertain tariff regime that is derailing the tentative recovery in global demand for technology services.

For India’s $280 billion IT services industry, beset by a near two-year slowdown due to macro-economic challenges in the aftermath of the Covid pandemic, this fresh roadblock is leading to flattened growth, slowing profits and a sharp dip in fresh hiring.

The chief executives of all three IT companies cited prevailing volatility from the…



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Slowing growth casualty of tariff war: Tech majors


Infosys, on Thursday, joined peers Tata Consultancy Services (TCS) and Wipro in highlighting the impact of an uncertain tariff regime that is derailing the tentative recovery in global demand for technology services.

For India’s $280 billion IT services industry, beset by a near two-year slowdown due to macro-economic challenges in the aftermath of the Covid pandemic, this fresh roadblock is leading to flattened growth, slowing profits and a sharp dip in fresh hiring.

The chief executives of all three IT companies cited prevailing volatility from 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.

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