Indian IT services firms see no big blowback from Brexit

Indian IT services providers are unlikely to be negatively impacted by Britain’s decision to leave the European Union, commonly referred to as Brexit, as they are seeing steady growth in the UK and European markets.

“It is unlikely to have a negative impact on Indian tech because the UK will want to create new partnerships,” said Sangeeta Gupta, senior vice-president, Nasscom, the IT services industry lobby.

Some of the large IT services companies have seen faster growth in the UK and Europe than from their traditional US market in the past four-five quarters.