The exit of tech companies like Accenture and IBM from Russia and disruptions in the operations of tech delivery centers in Ukraine is likely to divert more work to India and other Southeast Asian countries. It is also likely to bring more business to Indian IT services giants as global tech firms with large presence in Ukraine now stare at a period of uncertainty.
Peter Bendor-Samuel, CEO and founder of Everest Group, said the environment presents a great opportunity for Indian firms as between the service providers and global business services (GBS)/captives, “there is likely in excess of a 100,000 FTEs (full time equivalents/employees) which will be affected and be taken out of the global workforce due to the war and sanctions.”
