The Great Indian IT Squeeze
The Indian IT sector has operated for decades under the dominance of major firms TCS, Infosys, Wipro, and HCLT. The historical growth of these companies was tightly coupled with the U.S. economy through a strong “multiplier effect,” where Indian IT export growth significantly outpaced US GDP growth. This reliable growth model is now under pressure.The multiplier has weakened considerably, falling from a peak of 4.1x to a projected 1.6x. This is contributing to a prolonged slowdown period for Ind...
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