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Broker call▼ Bearish for Indian equities
AI winners and losers are emerging in Indian IT, says BNP’s Kumar Rakesh
The brief
- AI-driven revenue deflation and weak tech spending are reshaping India’s IT sector
- Some mid-cap firms are better placed than larger peers to navigate the shift
- Weak tech spending pressures Indian IT services; better-positioned mid-caps may prove more resilient
- Accenture expects higher AI spending by clients as token costs fall
- Accenture’s managed services momentum offers positive signals for Indian IT
- Accenture Results Spark IT Sector Rally; Cognizant, Salesforce, IBM Surge Up To 12%
- Indian IT sector layoffs: Which jobs are facing pressure & which skills are in demand?
- Accenture forecasts 3-6% FY27 revenue growth after Q4 revenue beats guidance
AI’s impact on Indian IT firms
Indian IT firms are bracing for underwhelming September-quarter earnings and revising annual revenue growth expectations downward amid AI pricing pressure. BNP’s Kumar Rakesh says AI-driven revenue deflation and weak tech spending are reshaping the sector, with some mid-caps better placed than larger peers.
Friday, 2 October
- AI winners and losers are emerging in Indian IT, says BNP’s Kumar Rakesh