Recently the news has come on the internet that the disruption of information technology (IT) services firms who have been still regarded among India’s blue chip stocks, seems to be the flavour of the season. One main reason for this is fear of recessionary trends hitting the US economy where Indian IT firms garner a huge chunk of their business. This news is gaining huge attention from the people. Now many people are super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article, so let’s continue the article.
The information technology industry in India includes information technology services and business process outsourcing. IT-BPM share sector in the GDP of India is 7.4 in FY 2022. The IT and BPM industry’s revenue is estimated at US$ 245 billion in FY 2023. The domestic income of the IT industry has been estimated at $51 billion and export revenue is estimated at $194 billion in FY 2023. This is the first time that Bengaluru-based IT firms will not recruit since the 2008 global financial crisis, which was triggered by US subprime mortgages. Sengupta also supplied a forecast of hiring by tech firms for FY 24 in this primer. Scroll down to the next page for more information about the news.
Frothy markets
There was a bearish atmosphere in the Indian stock markets this week. As per the report, the US bond yields and the Isreal and Hamas war, and also wrote about whom the losses may be most affecting. A forty market has been described by overconfident investors that ignore the market’s fundamentals and bid up an asset’s cost beyond the asset’s quantitive value. You are on the right page for more information about the news, so please read the complete article.
As far as we know, if you have been wondering what US bond products are and what their importance might be for an investor. The new chapter of bloodshed in the Palestine-Israel conflict continues without end. If we talk about the disrupted IT services. Disrupted IT service is temporarily unavailable or the system or equipment fails to function in a normal or satisfactory manner. Here we have shared all the information that we had if we get any information then we will update you as soon as possible. Stay tuned to us for more updates.