Poised for growth

Margins will improve for the IT sector

India’s $190-billion information technology (IT) sector is at the leading edge of exports, and also the major creator of high-end, high-skilled jobs. The October-December 2021 (Q3) results and guidance from the “Big Three” —TCS, Infosys, and Wipro —indicate the sector is likely to continue seeing robust demand. The pandemic has boosted demand for IT services, with companies everywhere looking to advance their digital presences, as work-for-home protocols have taken hold. The economic recovery in North America has been an especially strong driver for revenues, with Indian IT dependent on that region for the bulk of its revenues. All three IT