IT
Trump’s tariff iceberg may dent IT sales growth by 3% in FY26
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The US tariffs don’t apply to services, but they could still hurt India’s software services exporters due to their impact on key client sectors such as manufacturing and retail. This could reduce the cumulative revenue of India’s outsourcing companies by up to 3% in the current fiscal ending March 2026, industry experts told ET.
“Tariffs will impact most in two verticals for IT and ER&D (engineering, research & development) service providers – the manufacturing and consumer industries,” said Pareekh Jain, CEO of homegrown data insights platform…
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