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Indian IT sector not impacted by Russia-Ukraine war; in wait-and-watch mode

Analysts say no direct presence in Ukraine; per 60% of the sector's business comes from US, another big chunk from UK, Germany and France

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For the $227 billion IT services industry almost 60 per cent of the business comes from the US, and the next big chunk comes from Europe.

BS Reporter Mumbai

3 min read Last Updated : Feb 28 2022 | 7:01 PM IST

The Indian IT services sector, which has more than 30-40 per cent of its revenue coming from Europe, does not see the Russia-Ukraine crisis impacting operations in Europe. Analysts and companies told Business Standard that since there is no direct presence in Ukraine the crisis has not impacted them.

C P Gurnani, CEO and MD Tech Mahindra said that anything that destabilises is a concern and that though there is no threat to business they are being cautious on data security needs of the clients and on continuity.

“Anything that destabilises, is always a concern. First, a lot of our clients have

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