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US tariffs may hit India’s IT growth via slower client spending
Many IT firms have reportedly adopted a cautious approach towards discretionary spending and new hiring.
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R Suryamurthy - Thu, 03, Apr 2025
- 13:07 EDT
- 172
Representative image / Image - Unsplash
While India’s information technology (IT) services sector escapes direct tariffs from the Trump administration, the broader economic fallout of the US trade policy is casting a long shadow, threatening to dampen the sector’s growth and potentially triggering wider economic repercussions for India.
The imposition of widespread tariffs by the US, including a 27 percent duty on Indian goods, is expected to slow down the US economy, leading to inflationary pressures and tighter client budgets. This, in turn, could significantly impact the revenue growth of India’s IT services sector, which relies heavily on the US market.
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