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Tough 2016 for IT, tougher year ahead

Buffets from Brexit, Trump victory; struggles to cope with digital switch, pricing pressures

Ayan Pramanik  |  Bengaluru 

For India’s export-focused software services sector, 2016 was a tough battle. The information technology (IT) sector had to reduce growth numbers for only the second time in a decade, the first being after a US recession triggered by the Lehman Brothers collapse.

This time, they faced challenges due to automation and shifting investments in digital, the UK’s exit from the European Union and an unexpected victory for Donald Trump in the US presidential election. The biggest shift has been in the growth of digital, which Indian firms are struggling to ...

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First Published: Thu, December 29 2016. 00:03 IST
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