Global macroeconomic and financial sector slowdown is likely t | The IITian Trader

Global macroeconomic and financial sector slowdown is likely to depress the Indian IT sector, with revenue growth expected to nearly halve from a year ago, according to analysts. The fourth quarter of 2022-23 is expected to have been muted due to longer deal cycles, impact on the banking, financial services and insurance sector and seasonal headwinds. The financial sector contributes around 40 per cent to the country's IT services industry revenue