Automotive clients account for up to 35% of IT services manufacturing clients.India s top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, IT s reliance on automotive revenue is now rising
The two southern states, which produce lakhs of engineering graduates every year, are looking to attract more GCCs to invest at a time when Indian IT firms have slowed down hiring in a weak macro environment.
Overall growth projection has slowed down to 3.8%, as compared to an 8.4 percent growth the tech industry body had projected in the previous fiscal year.