How is AI reshaping India’s infotech sector? | Explained

[ad_1] The story so far: Recent announcements from Tata Consultancy Services (TCS) — a reported freeze on experienced hires, and the planned removal of 12,000 employees — have sent ripples of anxiety across the Indian tech sector. The Indian IT industry, which generates $280 billion in revenue and employs more than 5.8 million people, is […]

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Indian IT sector revenue likely to plunge 700-900 basis points in fiscal 2024: Report

[ad_1] The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) amounting to 10-12% in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.  | Photo Credit: G.P. Sampath Kumar […]

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