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This Is the Time for IT Services to Reinvent Business Models, Say Analysts | In the News

Forbes

India’s IT companies reacted strongly to the immediate challenges of the Covid-19 pandemic. They swiftly enabled the bulk of their employees to work from home and avoided major disruptions of the services they provide global corporations worldwide. However, in the months to come, they will need to do much more, say analysts.

“The Indian IT companies are entering into a challenging time,” says Peter Bendor-Samuel, founder of the consultancy Everest Group in the US. The global economy could be heading into a recession, and potentially a severe recession. This will eliminate much of the growth driven by discretionary spending.