IT sector may be hit amid AI shift, slower spending
India's IT sector faces a double blow as AI-driven rate cuts combine with Trump's 25% tariffs. Experts predict dampened sentiment and stalled discretionary spending, particularly in manufacturing, logistics, and retail. The tariffs stoke inflation, forcing US firms to slash consulting and IT outsourcing.
India's IT sector faces a double blow as AI-driven rate cuts combine with Trump's 25% tariffs. Experts predict dampened sentiment and stalled discretionary spending, particularly in manufacturing, logistics, and retail. The tariffs stoke inflation, forcing US firms to slash consulting and IT outsourcing.
