The bigger Indian information technology (IT) firms are breathing easy despite the global economic slowdown threatening to moderate growth prospects in the next financial year. With rising inflation amid the Russia-Ukraine war, most enterprises are facing increasing cost pressure.
“We see the torrid post-pandemic market for digital slowing, but still growing. We see headwinds for modernisation, but an eagerness for digital pragmatism, where the new digital work can deliver clear and immediate results. Hence, the demand is shifting from hyper-growth to a more mature and sustainable level of growth,” Peter Bendor-Samuel of Everest Group said.