IT
US tariffs, big beautiful bill derail Indian IT’s big shift away from BFSI
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India’s IT earnings are being dragged down by verticals such as manufacturing, consumer, communications and life sciences, which together constitute 40-70% revenues for several large companies.
Impacted by tariff-led supply chain disruption and America’s Big Beautiful Bill, these sectors – which have been instrumental in diversification from banking, financial services and insurance – are now witnessing project postponements and cuts in discretionary spends.
For instance, Tata Consultancy Services (TCS) noted that the MedTech industry is…
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