Indian IT services industry to see 4-6% revenue growth in FY26: Icra
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India's IT services industry is projected to grow by 4-6% in FY26, according to Icra. This moderate growth is influenced by global economic challenges and policy uncertainties in major markets. The BFSI, retail, and healthcare sectors are experiencing increased IT spending, particularly in AI technologies. Employee attrition rates have decreased significantly, stabilizing around 12-13%. Operating profit margins are expected to remain steady at 22.5-23.0% due to cost optimization efforts. Overall, while growth is subdued, there are positive signs in specific sectors and revenue visibility remains strong.
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