<ul><li>The Indian IT sector is forecasted to experience modest growth of 3-5% in FY25, according to Icra Ratings.</li><li>Hiring within the sector is expected to remain subdued until growth momentum picks up. Despite concerns about revenue growth, profitability is anticipated to remain resilient, with operating profit margins projected to reach 21-22%.</li><li>However, macroeconomic challenges in key markets like the US and Europe are likely to continue impacting discretionary IT spending by corporations. Nevertheless, critical spending and cost optimization deals are providing some support to growth prospects. The agency maintains a stable outlook for the sector in the coming fiscal year.</li></ul>

IT sector to see 3-5% growth in FY25, hiring to be muted: Icra

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