India’s IT industry giants are facing their slowest growth ever, according to data sourced by ET. The IT industry is facing a freeze on technology spending due to concerns about a recession and a challenging macroeconomic situation, which is expected to worsen due to the West Asia conflict.
Peter Bender-Samuel, CEO of consultancy firm Everest Group, warned that some companies risk posting their worst growth ever in 2024. He expects the first half of the year to be tough for the industry.
