By Sheetal Kumari | March 3, 2025
MC Desk | April 4, 2025
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India’s $283-billion IT sector is staring at a tough year amid U.S. tariff concerns.
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(Image: Canva)
IT firms may feel the heat as manufacturing, logistics and retail sectors, adjust to the new tariffs, according to Reuters report.
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(Image: Canva)
Bernstein and ICICI Securities downgraded the Indian IT sector shortly after the tariff news broke.
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The sector had pinned hopes on a recovery in U.S. demand, but fresh trade tensions could derail that.
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(Image: Canva)
The U.S. contributes over half of India’s $190 billion software exports, making the sector highly vulnerable, reported Reuters.
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(Image: Canva)
J.P. Morgan lifted U.S. recession chances to 60% post-tariff move, fuelling further uncertainty.
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At least six analysts expect IT firms to offer conservative guidance when earnings start next week.
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Firms relying on discretionary IT spending are likely to bear the brunt of the slowdown, analysts said.
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(Image: Canva)
Firms relying on discretionary IT spending are likely to bear the brunt of the slowdown, analysts said.
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(Image: Canva)
Nifty IT index plunged 3.6% on Friday, capping a weekly fall of 9.15%—its steepest in over five years.
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