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.”
