Indian IT companies are poised for a surge in BFSI sector deal wins as tech spending rebounds amid stabilizing global economies.
After a slowdown, analysts anticipate increased demand for IT modernization and digital transformation projects. Infosys and Wipro have reported improved outlooks, citing recent deal successes in BFSI.
Companies like Tech Mahindra are focusing on core banking and AI adoption to drive growth. Despite challenges like insourcing and cloud migration, the sector expects single-digit growth by year-end, fueled by investments in generative AI and strategic acquisitions. This signals a positive recovery trend in fiscal 2025 for India's IT sector.