Indian IT Firms to Benefit from Large US Banks Bet on Technology Spend in 2020 | In the News

Indian IT services providers including Tata Consultancy Services, Infosys and Wipro may benefit as global banks such as JP Morgan, Bank of America and Citigroup are set to increase technology spends in the year ahead, analysts said, even as they face a short-term blip in discretionary spending due to the Covid-19 virus outbreak.

Technology investments to drive cost cuts will present new opportunities to Indian IT companies in the coming year, said Peter Bendor-Samuel, the chief executive of US-based IT advisory and research firm Everest Group.

Read more in Economic Times

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