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Indian IT Companies Expect To See Surge In BFSI Deal Wins

  • 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.

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