<ul><li>Accenture's low growth forecast (2-5% in FY24) will negatively impact Indian IT firms like Wipro, Tech Mahindra, and LTI Mindtree.</li><li>Wipro is hit by weak consulting business, while Tech Mahindra and LTI Mindtree face issues in the communications, media, and tech sector.</li><li>Accenture's poor performance in North America, where Indian IT firms get 55% of their revenue, is a major concern.</li><li>The cautious outlook for North America, along with cost-saving priorities, is pushing Indian IT firms to explore business opportunities in Europe, Africa, the Middle East, and Australia.</li></ul>

North America to be a pain point for Indian IT firms

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