IT rate cuts: Rate cut uncertainty, escalating tariff wars to delay Indian IT sector recovery: Report

Uncertainties surrounding rate cuts and the escalation of tariff wars will influence the sentiments in the near term and prolong the information technology (IT) sector recovery, said a report by Mirae Asset Sharekhan.In the short run, both global and domestic factors will impact the IT sector recovery, the report added.

However, the report added that the medium- and long-term outlook for Indian IT companies remains positive as enterprises are expected to gradually raise their discretionary spending.

The report added that management commentaries reflect…