Downturn: Indian IT Firms Brace For A Chilling Winter This Year

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India’s four largest IT services companies - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - registered record deal wins

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Better pricing, lower employee costs and margin growth in the second quarter of the current financial year.

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Yet, there is an underlying sense of unease as an energy crisis in Europe.

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And rising inflation in the United States threaten to disrupt the macroeconomic situation.

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Top software exporters were no longer denying that “large” uncertainties lay ahead for the $227-billion Indian IT industry.

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It has steamed ahead in the last two years.

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Though India’s top software services providers reported better-than-expected numbers last week.

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There are dark clouds on the horizon as an energy crisis in Europe and rising inflation in the United States threaten to disrupt the macroeconomic situation.

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