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- Published on June 11, 2025
- In IT Services
Indian IT Expects Another Year of ‘Foot-Dragging’ on Deals
How long can Indian IT firms continue to grow when clients are stuck in decision limbo?
Image by Nalini Nirad
- By Mohit Pandey
India’s top IT firms are grappling with a prolonged period of deal delays and slower ramp-ups as global clients continue to tighten budgets and defer large transformation projects.
While no major project cancellations have been reported, top executives from TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems, and others have acknowledged that recovery may not fully materialise until late FY26—if at all.
Tariff-driven uncertainties and tighter scrutiny of discretionary spending are forcing the deal-making environment to remain cautious. Even with a strong pipeline, the execution is being staggered, and growth trajectories have shifted from acceleration to protection.
At TCS, CEO K Krithivasan was unequivocal in Q4 FY25, stating that while clients are holding b
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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