Festive High for Online Lending; Slowdown for IT Majors | In the News

With the festive season setting in, the digital lending industry is betting big on a quick rebound in business as consumers prepare to loosen their purse strings and merchants stock up to meet the additional demand. However, Bigwigs of the US$245-billion Indian IT industry may be staring at their slowest growth ever, data has shown.

“Some of the companies do risk posting their worst growth ever in 2024,” Peter Bender-Samuel, CEO of Everest Group, told ET.

Read more in The Economic Times.

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