IT largecaps may be heading back to long-term trend line growth of 7-9%: Ankur Rudra, JP Morgan

“Our recent analysis has suggested that the revenues lost by the industry in FY21 were largely won back in FY22 and FY23 and we are back to where it would have been, had the industry kept growing at that trend line rate. This is probably more of a heading back to the trend line growth as opposed to necessarily only a cyclical impact on the industry,” says Ankur Rudra, Head of APAC Telecoms & India TMT Research, JPMorgan