News > Indian IT firms likely to face short term headwinds, see decline in BFSI and telecom

Indian IT firms likely to face short term headwinds, see decline in BFSI and telecom

According to Ray Wang, Principal Analyst & Founder, Constellation Research, Indian IT services firms face three forces - exponential efficiency where clients seek maximum cost savings, AI arbitrage where AI and automation investments must deliver ongoing and increasing levels of efficiency, and stagnant macro-economic challenges. Companies are also currently prioritizing cost reduction and operational efficiency projects.