Slowing spends cast shadow on India's IT services industry, says Gartner

IT services market globally to cross $1 trillion in 2019, but growth rate to slow to 4.7%, says Gartner

IT services spending worldwide for the first time is projected to cross $1 trillion (Rs 73.5 trillion) -- in 2019 -- but that does not call for a celebration for the export-driven IT services industry in India as yet. 

The reason is, the market, which is bogged down by an anticipated slowdown in global economies and currency volatility, as well as trade wars, is expected to grow at a slower rate of 4.7 per cent in 2019 as compared to 5.9 per cent in the previous year, according to research firm Gartner. 

This comes at a time when the Indian IT