Global IT Spending

Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services

Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients

"Indian organisations are expected to invest in AI and automation during this time, as a strategic effort to improve operational efficiency and address the ongoing shortage of IT talent"

Tech spending remains resilient compared to historical economic downturns and other types of business spending, but rising interest rates are now impacting capital spending

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.

Despite the ongoing tariff war, US IT spending is forecast to grow 3.5% in 2019

Meanwhile, global spending on data centre systems is forecast to grow 3.7 per cent in 2018 -- down from 6.3 per cent in 2017