 "File photo Theresa May")
The huge blow to British Prime Minister Theresa May’s Brexit deal in the House of Commons has further complicated an already-uncertain environment for Indian IT services firms.
The UK is the second-largest market for the Indian IT industry after the US, and accounted for 17 per cent of its $167 billion revenues in 2017-18, according to industry body Nasscom. On Tuesday, the UK Parliament voted overwhelmingly against May’s Brexit deal, in a 432-202 margin.
The developments are being closely watched by Nasscom and IT companies in general, as a prolonged Brexit impasse will cause uncertainties among businesses operating
The UK is the second-largest market for the Indian IT industry after the US, and accounted for 17 per cent of its $167 billion revenues in 2017-18, according to industry body Nasscom. On Tuesday, the UK Parliament voted overwhelmingly against May’s Brexit deal, in a 432-202 margin.
The developments are being closely watched by Nasscom and IT companies in general, as a prolonged Brexit impasse will cause uncertainties among businesses operating
