Indian IT firms expected to outpace global growth

economictimes.indiatimes.com

Indian IT firms are expected to continue growing, driven by technology spending, despite recent slowdowns. The HDFC Technology Fund focuses on both established companies and emerging disruptors, particularly in SaaS, AI, and fintech. The fund manager notes that technology spending has become essential, with Indian firms historically outpacing global growth. This trend is expected to persist, supported by talent availability and the global delivery model. Quick commerce is seen as a potential profitable business model as competition stabilizes. The sector's growth may depend on continued investments and the normalization of competitive pressures.


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