Was 2024 indeed better than last year for the big boys of Indian IT?
1 week, 3 days ago

Was 2024 indeed better than last year for the big boys of Indian IT?

Live Mint  

Bengaluru: India’s top five information technology services companies grew at a slower clip in the first nine months of this year, defying hopes that the $254 billion industry would rebound after reporting its weakest growth ever in 2023. The spectre of GenAI Keith Bachman, an analyst with BMO Capital Markets, said in a 12 December report that increased hiring by India’s largest IT services firms in recent quarters was a leading indicator signalling better growth, which in turn could drive a rally in their stocks. Mint reported last week that a renewed hiring spree by Dublin-headquartered and NYSE-listed Accenture Plc painted a sanguine outlook for India’s IT services companies as it signalled a rebound in global IT spending. Yet, analysts are cautiously optimistic about the prospects of Indian IT services firms next year considering the rise of generative artificial intelligence, or GenAI, which could dash the sanguine outlook.

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History of this topic

Bridging the skills gap: How 2024 shaped India's job tech revolution
3 days, 7 hours ago

Bridging the skills gap: How 2024 shaped India's job tech revolution

India Today  

The year 2024 has been a pivotal chapter in India's efforts to combat unemployment. With rapid technological advancements and shifting workforce demands, the job tech ecosystem has emerged as a critical enabler in bridging the employability gap and redefining the employment landscape. Prateek Shukla, Founder and CEO of Masai School, reflects on the lessons of 2024 and their implications for …

Companies expected to increase Gen AI investments by half this year
1 week, 1 day ago

Companies expected to increase Gen AI investments by half this year

Live Mint  

Companies worldwide are expected to spend 50% more on adopting generative AI technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. Last year, seven IT services firms, including Accenture Plc., Cognizant Technology Solutions Corp., and Capgemini SE, flagged the rise of AI and GenAI tools as a risk factor …

Artificial intelligence, cybersecurity to create 1 million jobs by 2030: Quess IT Staffing report
1 week, 1 day ago

Artificial intelligence, cybersecurity to create 1 million jobs by 2030: Quess IT Staffing report

Hindustan Times  

Emerging technologies, including artificial intelligence, cybersecurity, cloud computing and data science, as a whole, are projected to generate around 1 million jobs by 2030, news agency PTI reported citing a report by Quess IT Staffing, a tech staffing solutions provider. AI Apart from jobs, these emerging technologies are also expected to contribute over $150 billion to India’s economy by 2030, …

Generative AI, data centres to define India’s tech industries in 2025
2 weeks, 1 day ago

Generative AI, data centres to define India’s tech industries in 2025

Live Mint  

New Delhi: India’s technology sector is likely to see generative artificial intelligence and related data applications define client orders, financial growth and technical innovation in 2025. On 19 December, Accenture, the world’s largest technology services outsourcing and consultancy firm and a bellwether for India’s $300-billion IT services sector, disclosed $1.2 billion in net new generative AI deals with businesses worldwide. …

IT sector swings between hope and despair
2 weeks, 3 days ago

IT sector swings between hope and despair

Live Mint  

Global IT giant Accenture’s Q1FY25 results surprised positively with constant currency revenue growth of 8% year-on-year, beating its 2-6% guidance. Growth was broad-based but led by the healthcare and public services vertical where Accenture has relatively higher exposure than tier-I Indian peers. “Accenture’s improving deal total contract value share indicates its growth, especially in Managed Services, might be coming at …

Outlook 2025: Indian stock market to stay buoyant in 2025, says ITI MF, suggests 5 sectors & themes to bet on
3 weeks ago

Outlook 2025: Indian stock market to stay buoyant in 2025, says ITI MF, suggests 5 sectors & themes to bet on

Live Mint  

Market outlook: The Indian equity markets remained resilient for a major part of the calendar year 2024, despite challenges posed by sticky inflation, weaker-than-expected Q2FY25 earnings, general election outcomes, FII outflows, and geopolitical uncertainty. That said, ITI Mutual Fund expects India's structural long-term growth story to remain intact, driven by favourable demographics and stable governance. Themes and sectors to watch …

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
3 weeks, 4 days ago

India job outlook 2025: How IT, energy, infra, logistics will drive hiring

India Today  

Employers in India are more optimistic about increased hiring next year compared to their global counterparts. According to the latest ManpowerGroup Employment Outlook report, which surveyed 3,000 employers, 53 per cent plan to hire while 13 per cent anticipate a reduction in staffing levels during Q1 2025. Sonal Arora, country manager of GI Group Holding, stated: “Overall, 2024 was a …

India will emerge global powerhouse for skilled talent by 2030
4 weeks, 1 day ago

India will emerge global powerhouse for skilled talent by 2030

Deccan Chronicle  

New Delhi: Wheebox ETS India Skills Report 2025, in collaboration with CII, Taggd, AICTE, and AIU, unveils a strategic vision for "Global Talent Mobility" underscores India’s pivotal role in addressing global workforce demand, skills required fueled by rising employability, an optimistic hiring intent, and a roadmap for 2030. With 65% of the Indian workforce under 35 years old, India’s youthful …

Mint Primer: AI-positive? How Trump may grow India’s IT business
1 month ago

Mint Primer: AI-positive? How Trump may grow India’s IT business

Live Mint  

What do market movements indicate? The expected proposals include corporate tax cuts, sparking optimism about increased discretionary spending by US companies—a key market for IT services providers, which get 60–70% of their earnings from the US market. Interest rate cuts of 50 and 25 bps by the US Fed in September and November are likely to increase spending in the …

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company
1 month, 3 weeks ago

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company

Hindustan Times  

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. "AI will …

Impact of US Election on Indian IT Sector: A Mixed Bag of Signals
2 months, 1 week ago

Impact of US Election on Indian IT Sector: A Mixed Bag of Signals

Live Mint  

The Indian IT sector is expected to benefit from the upcoming US elections 2024, with positive policy changes potentially boosting investor confidence and stimulating demand. While the sector has shown resilience in the past year, the impact of the elections on specific policy decisions and trade agreements will be closely monitored by investors.

US Presidential Election 2024: Potential Impact on Indian IT Stocks, a Close Call
2 months, 1 week ago

US Presidential Election 2024: Potential Impact on Indian IT Stocks, a Close Call

Live Mint  

The impact of the US Presidential Election 2024 on Indian IT stocks is uncertain, with analysts offering contrasting viewpoints. While a Kamala Harris victory could potentially benefit the IT sector due to the strong economic ties between the two countries, a Donald Trump re-election could have negative effects due to anti-immigration policies and currency fluctuations. However, the overall outlook remains …

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down
2 months, 2 weeks ago

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down

Live Mint  

Indian IT companies are seeing a rebound in revenue growth, with four of the five largest companies hiring more people in the first six months of the fiscal year compared to the year-ago period. This positive guidance comes at a time when the companies' order books have shrunk in H1FY25 compared to H1FY24, but the current quarter (Q3) is not …

US Banks Open Purse Strings for Indian IT: A Boon for the Industry
2 months, 2 weeks ago

US Banks Open Purse Strings for Indian IT: A Boon for the Industry

Live Mint  

US banks are showing a renewed interest in Indian IT services, with share prices of major banks like JPMorgan and Bank of America up by 52-68%. This growth is expected to benefit Indian IT companies, which rely heavily on the banking segment for most of their revenues. The BFSI sector is seeing increased growth, with Indian IT services companies like …

India's top 5 IT firms continue headcount decline for 7th straight quarter
5 months, 1 week ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

Economic Survey | AI casts “huge pall of uncertainty” over jobs
5 months, 2 weeks ago

Economic Survey | AI casts “huge pall of uncertainty” over jobs

The Hindu  

The Economic Survey published on Monday warned against the potential challenge that artificial intelligence could present to the Indian economy saying the “advent of the tech casts a huge pall of uncertainty as to its impact on workers across all skill levels – low, semi and high.” The massive changes owing to widespread adoption of AI “will create barriers and …

Will AI lead to job cuts in India? Economic Survey warns these sectors
5 months, 2 weeks ago

Will AI lead to job cuts in India? Economic Survey warns these sectors

Hindustan Times  

The biggest disruption for the future of work is the accelerated growth in artificial intelligence, which is poised to revolutionise the global economy. As AI systems become smarter and more prevalent, the future of work will change significantly, said the economic survey prepared under the guidance of chief economic advisor V Anantha Nageswaran. If Generative AI significantly boosts the marginal …

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report
7 months, 3 weeks ago

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report

News 18  

Intel and IDC have unveiled a joint report assessing the Artificial Intelligence maturity level across eight markets, including India. The report highlighted that India’s AI spending is forecasted to experience the swiftest expansion among the examined markets, with a projected Compound Annual Growth Rate of 31.5 per cent from 2023, reaching $5.1 billion by 2027. According to the report, India, …

India’s AI market seen touching $17 billion by 2027: Report
10 months, 2 weeks ago

India’s AI market seen touching $17 billion by 2027: Report

The Hindu  

February 21, 2024 10:16 am | Updated 12:24 pm IST - MUMBAI India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen …

Surge in AI and Healthcare hiring noted in India for January: Report
11 months ago

Surge in AI and Healthcare hiring noted in India for January: Report

India TV News  

Hiring for AI-related roles in sectors like hospitality, healthcare and FMCG has witnessed a significant growth in January 2024 in India. As per the Naukri JobSpeak Index, the white-collar hiring in India stood at 2,455 in January 2024, registering an increase of one per cent over the preceding month and about 11 per cent lower than in 2023. As per …

How India Can Ride the AI Wave Through Education and Workforce Development, Expert Weighs In
1 year ago

How India Can Ride the AI Wave Through Education and Workforce Development, Expert Weighs In

News 18  

In his insights, Mr. Jaspreet Bindra, Managing Director & Founder of The Tech Whisperer, identifies India’s strategic advantages in the global AI environment and offers a thorough plan for utilising AI in the nation’s workforce development and educational system. Our software services companies are plugged into almost every Fortune 500 company, and they all want to do something with generative …

Accenture results leave IT investors between hope and despair
1 year, 3 months ago

Accenture results leave IT investors between hope and despair

Live Mint  

Accenture’s revenue for the quarter ending August, deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology sector. Secondly, this also means that large deal ramp ups could take longer, further weighing on the sector’s FY25 revenue growth trajectory—an incremental negative. Accenture’s FY24 revenue growth guidance of 2-5% was modest considering that …

IT stocks fall after Accenture cuts earnings growth guidance
1 year, 6 months ago

IT stocks fall after Accenture cuts earnings growth guidance

Live Mint  

Shares of all major Indian Information Technology services companies declined on Friday after US tech giant Accenture cut its revenue guidance for the fourth quarter, raising concerns over earnings of Indian software companies. Domestic brokerage firm Motilal Oswal expects a negative near-term impact of Accenture’s earnings commentary on Indian tech companies. “The overhang on the small deal extension and execution …

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar
1 year, 6 months ago

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar

The Hindu  

The Indian Government has set a goal of making technology 20-25% of the country’s GDP by 2025, India’s IT Minister Rajeev Chandrasekhar has told Indian American entrepreneurs and asked them to be part of this story of India. “Over the last nine years, the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 7 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?
1 year, 7 months ago

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?

Live Mint  

On expected lines, the January-March quarter numbers of Indian IT companies came on the softer side with signs of stress due to the economic slowdown in the key markets including the US and Europe. Mixed numbers As Mint reported earlier, both Infosys and TCS, which together comprise 11 per cent of the Nifty 50 index weightage, missed analysts' estimates in …

New challenges in the Indian IT industry are changing the employer-employee dynamic
1 year, 7 months ago

New challenges in the Indian IT industry are changing the employer-employee dynamic

Hindustan Times  

Indian IT has been a poster child for India not just because of its size and scale but, more important, for its continuous innovation in response to changing market dynamics. First, fast growth in machine learning and Artificial Intelligence is making many old low-tech jobs redundant and creating massive demand at the very top end, which the industry cannot meet …

Budget 2023-24 Expectation: It is time government focused on the hardware sector
1 year, 11 months ago

Budget 2023-24 Expectation: It is time government focused on the hardware sector

Firstpost  

India’s IT sector has produced a large amount of foreign export revenue for India and has also gained an awe-inspiring reputation across all industries by creating a large number of job opportunities. In the same vein, the Indian IT service sector might have started producing mobile phones within the country but I think the time has come for India to …

Watch | Business Matters: Will global layoffs jolt India’s IT industry?
1 year, 11 months ago

Watch | Business Matters: Will global layoffs jolt India’s IT industry?

The Hindu  

There has been a slew of layoff announcements in the Western corporate world these past months, gathering pace over recent weeks. E. Balaji, currently Global chief HR officer at TVS Supply Chain Solutions, who has also been a senior leader in the manpower placement industry for more than a decade prior to this position, says fear of reputation loss and …

’Uncertain times ahead..’: Jefferies on Indian IT companies
1 year, 11 months ago

’Uncertain times ahead..’: Jefferies on Indian IT companies

Live Mint  

A sharp slowdown in net hiring, muted growth outlook in 4Q and a potentially slower conversion of bookings to revenues points to a sharp growth moderation for Indian IT firms, highlighted Jefferies in a note on Indian IT firms who sees ‘uncertain times ahead’ for the sector. “After the Q3 results so far, the brokerage house expects aggregate revenue for …

 India has an IPO pipeline of $9.5 billion in 2023, Kotak IB CEO Ramesh
1 year, 11 months ago

 India has an IPO pipeline of $9.5 billion in 2023, Kotak IB CEO Ramesh

Deccan Chronicle  

After higher activity in the deal street in 2022 led by biggest deal ever in the country of HDFC-HDFC Bank merger and largest acquisition in industrials space by Adani Group of Holcim's India Assets, S. Ramesh, the managing director and CEO of Kotak Investment Banking, is optimistic of Indian equity capital market in 2023 and expects 30 per cent more …

Amid slowdown & rising caution, will IT firms deliver another weak quarter?
2 years ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint  

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

IT investors find little comfort in Accenture results
2 years ago

IT investors find little comfort in Accenture results

Live Mint  

Recently, HCL Technologies Ltd had said that it expects FY23 revenue growth to be at the lower end of the guidance of 13.5-14.5% in constant currency terms. Amid looming worries on demand slowdown, investors in Indian information technology services companies’ stocks looking for meaningful clues from Accenture Plc’s Q1FY23 results are in for some disappointment. View Full Image Accenture's Q1FY23 …

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey
2 years, 3 months ago

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey

News 18  

As many as 57 per cent of IT professionals claim that they would not consider returning to the IT services sector in the future in a recent survey ‘Talent Exodus Report’ released by tech staffing firm, TeamLease Digital. The survey reveals that employees’ preference has changed from salary to flexibility, career growth, and value proposition. Read | In World of …

India@75: IT sector’s historic rise since Independence to become a global powerhouse
2 years, 3 months ago

India@75: IT sector’s historic rise since Independence to become a global powerhouse

Firstpost  

Considering its fast growth pace, India is at the centre of global IT attraction with players betting big on the future of IT in India Technology has changed the way we communicate, pay bills, commute, interact with governance, and even the way we perceive entertainment. Our government’s flagship initiative, Digital India, has aided in spreading internet access in the remotest …

Top largecap, midcap, smallcap Indian IT stock picks as suggested by brokerages
2 years, 6 months ago

Top largecap, midcap, smallcap Indian IT stock picks as suggested by brokerages

Live Mint  

Indian IT stocks have recently been under pressure amid the current market selloff. Domestic brokerage and research firm Edelweiss in its latest report on IT said that it prefers HCL Tech, Infosys and Tata Consultancy Services among the large-caps and Coforge, LTI and Mindtree among midcap IT stocks. Analysts at brokerage JM Financial said that Accenture’s results confirm the ‘All’s …

Is all well for Indian IT firms? What Accenture’s results indicate
2 years, 6 months ago

Is all well for Indian IT firms? What Accenture’s results indicate

Live Mint  

US-based IT giant Accenture's earnings are often seen as an indicator of the performance of the Indian IT sector. Accenture’s strong performance and solid commentary supports brokerage Edelweiss' thesis of a robust tech upcycle. Analysts at brokerage JM Financial said that Accenture’s results confirm the ‘All’s well for now’ thesis for Indian techs despite increasing concerns of hit on IT …

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom
2 years, 6 months ago

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom

News 18  

The adoption of artificial intelligence and data utilisation strategy can add $500 billion to India’s GDP by 2025, a new Nasscom report showed on Thursday. The AI adoption in four key sectors — BFSI, consumer packaged goods and retail, healthcare, and industrials/automotive — can contribute 60 per cent of the total $ 500 billion opportunities, according to “AI Adoption Index” …

India's IT services sector to see 4.5 lakh gross employee addition in second half of FY22: Report
3 years, 1 month ago

India's IT services sector to see 4.5 lakh gross employee addition in second half of FY22: Report

Hindustan Times  

Indian IT services sector is expected to see a gross employee addition of about 4.5 lakh in the second half of the fiscal ended March 2022, according to a report by market intelligence firm UnearthInsight. With higher attrition in the second half of around 17 to 19 per cent, the industry is expected to have a net employee addition of …

Organisations in India project 9.4% salary increase in 2022: Aon survey
3 years, 4 months ago

Organisations in India project 9.4% salary increase in 2022: Aon survey

The Hindu  

Notwithstanding the COVID-19 second wave hitting the nation hard, Indian organisations have displayed resilience, and the salary increment is being projected to grow from an average of 8.8% this year to an estimated average of 9.4% in 2022, according to a survey. According to the Aon's 26th Annual Salary Increase Survey released on Tuesday, most businesses have an optimistic view …

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom
3 years, 6 months ago

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom

Live Mint  

IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement. "The industry is upskilling more …

‘IT sector will lead digital transformation wave’
3 years, 10 months ago

‘IT sector will lead digital transformation wave’

Live Mint  

The Indian information technology services sector has evolved over the last two decades from being a provider of talent and capabilities to partnering with clients in driving critical business decisions and digital transformation, top IT executives said. “Client expectation has changed over the years from driving operational efficiencies and cutting costs,” Thierry Delaporte, chief executive officer and managing director, Wipro …

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound
3 years, 11 months ago

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound

News 18  

With TCS piping Accenture to become the most valuable IT company in the world, India’s IT sector has successfully negated the naysayers. Now, according to according to professional recruitment services firm Michael Page India’s ‘Talent Trends 2021 Report’, 53 per cent of companies say they are planning to increase their headcounts in 2021. According to the report, India projects an …

India’s IT and business services market to reach $13 billion by Dec 2020: IDC
4 years, 1 month ago

India’s IT and business services market to reach $13 billion by Dec 2020: IDC

Live Mint  

India's IT and business services market is expected to grow 5.4% annually to reach $13 billion by December this year, research firm IDC said. "During H1 2020, application hosting services and infrastructure hosting services continued to be higher growth markets on account of increasing adoption of cloud applications and cloud infrastructure," IDC said. "In H1 2020, the role of IT …

Indian IT Services Growth Set for Comeback in 2021, Pandemic to Fuel Digital Spends: Fitch Ratings
4 years, 3 months ago

Indian IT Services Growth Set for Comeback in 2021, Pandemic to Fuel Digital Spends: Fitch Ratings

News 18  

The Indian IT services sector is expected to return to high single-digit revenue growth in 2021-2022 galvanised by higher demand for digital transformation after a flattish 2020, according to Fitch Ratings. In a new report titled ‘Spotlight: Indian IT Services Sector’, Fitch said the impact of the coronavirus pandemic is seen to be only moderate and short term, as customers …

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT
4 years, 3 months ago

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT

Business Standard  

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected Premium According to Motilal Oswal Securities, Accenture’s management has hinted at a robust deal pipeline, which is quite encouraging for Indian IT companies. Sai …

IT services will continue to be significant part of India’s job environment: TCS CEO Rajesh Gopinathan
4 years, 4 months ago

IT services will continue to be significant part of India’s job environment: TCS CEO Rajesh Gopinathan

Live Mint  

IT services will remain a significant part of the job environment in India as the demand for talent and services continues to grow in the country, according to Tata Consultancy Services CEO and MD Rajesh Gopinathan. The relative ratio of IT to other industries is a factor of what happens in the larger economic scenario.in the foreseeable future, IT services …

Data, AI can add $450-500 bn to India’s GDP by 2025: Nasscom
4 years, 4 months ago

Data, AI can add $450-500 bn to India’s GDP by 2025: Nasscom

Live Mint  

New Delhi: Data and Artificial Intelligence could potentially add $450-500 billion to India’s gross domestic product by 2025 and drive India’s economic growth, said a report by industry body Nasscom. The report ‘Unlocking Value from Data and AI’ lays down an action plan that can help the country emerge stronger from the covid-19 crisis by taking co-ordinated action to enhance …

India’s economy grew in Q1, but deep slump is expected
4 years, 7 months ago

India’s economy grew in Q1, but deep slump is expected

Al Jazeera  

Though Q1 GDP topped estimates, coronavirus lockdowns have economists betting that negative growth is on the cards. India’s economy grew at a faster pace than economists expected last quarter with a deeper slump likely to come after the nation of 1.3 billion people went into lockdown to contain the coronavirus outbreak. The strict stay-at-home restrictions imposed late March brought India’s …

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