Monday, 6 October, 2025
Policy Uncertainty & AI Disruption Delay IT Contract Renewals
Indian IT services firms are experiencing delays in contract renewals, with cycles extending from the typical 6–8 months to 9–15 months. Factors contributing to this slowdown include macroeconomic volatility, particularly in the U.S., and the increasing demand for AI capabilities. Industries such as manufacturing, oil & gas, and retail are more affected, while banking and enterprise tech sectors show more resilience due to available discretionary budgets.
Read full story at Economic Times