Indian IT Industry facing challenges with US Tariffs..!?
Indian IT industry facing challenges with US Tariffs..!?
The indian IT industry will data-face challenges in the coming days due to the new tariffs to be imposed by the US. These tariffs may lead to inflation. Clients in the US may have to reduce their costs. Although the tariffs are not directly on IT services, indian companies will be affected as major US clients in the manufacturing, logistics, and retail sectors will shrink their budgets. This will make it take longer to sign new contracts. Ongoing projects will be delayed. It will affect revenue growth. Financial institutions like Bernstein and ICICI Securities have already downgraded their ratings on the indian IT sector, signaling that trouble is looming. The US remains the largest market for indian software exports. The US accounts for more than 50% of the $190 billion worth of exports. Any economic uncertainty or spending cuts in the US could significantly impact indian IT.
The indian IT industry will data-face challenges in the coming days due to the new tariffs to be imposed by the US. These tariffs may lead to inflation. Clients in the US may have to reduce their costs. Although the tariffs are not directly on IT services, indian companies will be affected as major US clients in the manufacturing, logistics, and retail sectors will shrink their budgets. This will make it take longer to sign new contracts. Ongoing projects will be delayed. It will affect revenue growth. Financial institutions like Bernstein and ICICI Securities have already downgraded their ratings on the indian IT sector, signaling that trouble is looming. The US remains the largest market for indian software exports. The US accounts for more than 50% of the $190 billion worth of exports. Any economic uncertainty or spending cuts in the US could significantly impact indian IT.