COVID-19 Impact: Is the IT/ITES Industry Bracing for Negative Growth in FY21? | In the News

The global IT/ITeS sector is starring at negative growth of 5 to 10 percent in FY21, probably for the first time, due to the impact of the COVID-19 outbreak. This will in turn hurt Indian IT/ITeS industry as well, according to analysts.

Chirajeet Sengupta, Partner, Everest Group, a consulting firm, said: “Our base case estimates point to a negative growth of 5 percent for calendar year FY21 globally. These are unprecedented times and a crisis of the nature and  magnitude of COVID-19 has never been witnessed by the industry.”

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