Indian IT services industry to see modest 3-5% revenue growth in FY25: ICRA
Despite expectations of modest revenue growth, credit rating agency ICRA maintained its stable outlook on the Indian IT services industry, “led by a well-established business position, expectations of healthy earnings and cash flow generation, and strong balance sheets of the industry players.”
![Indian IT services industry to see modest 3-5% revenue growth in FY25: ICRA](https://cdn.zeebiz.com/sites/default/files/2024/03/18/284534-it-services-fp.png?im=FitAndFill=(1200,900))
ICRA also expects hiring to remain muted in the near term with gradual pick-up until the growth momentum improves. Image | Freepik