Roadblocks ahead as Indian IT moves into high gear Indian IT services providers are on a roll right now. They are not only grabbing market share and clients from global peers but are also winning customers in new technology areas, aided by the Covid-19 pandemic, which has shaken off process-related inertia and sped up offshore
Domestic companies are grappling with selecting the right talent for AI training amid rapid technological changes and a lack of clear guidance, even as major IT firms invest heavily in upskilling their workforce to stay competitive
IT companies like Infosys, Wipro, TCS are vital for engineering colleges as they tend to make large hirings, ranging from a few hundreds to thousands, usually in September.
Despite the absence of any notable improvement in discretionary IT spending by clients, market speculation about revenue recovery in FY25 is already underway
Indian IT companies have seen an upward trend in the last three months, particularly in December, following the Federal Reserve s December 2023 release, which hints at the possibility of three rate cuts in the calendar year 2024, implying a reversal in the rate cycle.