<ul><li>Indian IT sector's revenue growth expected to slow to 8-10% in FY24-FY25 due to weaker US and Europe markets. FY23 saw a growth of 16.5%.</li><li>Infosys revised FY24 revenue growth guidance to 1-3.5% from 4-7%, reflecting cautious outlook.</li><li>Global IT spending shrinking due to slower US and Europe economic growth. Fitch predicts mild US recession in Q4 2023 and Q1 2024.</li><li>Despite challenges, larger Indian IT companies expected to maintain stable EBITDA margins, strong cash positions, and return 40-90% of FCF to shareholders through dividends and buybacks.</li></ul>

Indian IT sector growth may half, to be 8-10% for FY24-25: Fitch Ratings

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