Indian IT firms’ growth momentum to continue despite talent crunch

Pune: Indian IT services providers are expected to perform well going forward, despite challenges in sourcing talent, a new report by HDFC Securities showed.

According to the report—titled ‘Hit Refresh’—the growth outlook for the information technology sector remains strong with improving probability of sustained momentum.

The strong momentum/resilience in mid-tier IT is also likely to continue, based on deal bookings, with a slight moderation in the share of Tier I total contract value (TCV) in the June quarter compared to global peers, said HDFC Securities analysts Amit Chandra and Vinesh Vala in the report.