IT
US tariff clouds loom large over Indian IT’s key revenue streams
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Subdued sentiments amid persistent uncertainties around global tariffs will weigh on near-term technology budgets in the consumer, retail and manufacturing sectors, which have contributed 25-30% to the revenue of India’s $280 billion software services industry until last year, according to analysts.
As confusion persists over changing tariff impositions, especially in China, a key manufacturing hub, global supply chains are likely to be hit across the globe. This is keeping corporations in the US and Europe, which are key growth regions for…
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