US tariff clouds loom large over Indian IT’s key revenue streams

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Subdued sentiments amid persistent uncertainties around global tariffs will weigh on near-term technology budgets in the consumer, retail and manufacturing sectors, which have contributed 25-30% to the revenue of India’s $280 billion software services industry until last year, according to analysts.

As confusion persists over changing tariff impositions, especially in China, a key manufacturing hub, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/global-supply-chains” target=”_blank”>global supply chains are likely to be hit across the globe. This is keeping corporations in the US and Europe, which are key growth regions for…



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US tariff clouds loom large over Indian IT’s key revenue streams


Subdued sentiments amid persistent uncertainties around global tariffs will weigh on near-term technology budgets in the consumer, retail and manufacturing sectors, which have contributed 25-30% to the revenue of India’s $280 billion software services industry until last year, according to analysts.

As confusion persists over changing tariff impositions, especially in China, a key manufacturing hub, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/global-supply-chains” target=”_blank”>global supply chains are likely to be hit across the globe. This is keeping corporations in the US and Europe, which are key growth regions for…



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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