<ul><li>The year 2024 presents a challenging outlook for Indian IT firms as generative AI's promise struggles to counterbalance the slowdown in vital sectors like BFSI.</li><li>Recent setbacks, including Infosys losing a $1.5 billion AI deal and Accenture's muted revenue growth, amplify concerns of a prolonged recovery until mid-2024. Sustained cost-cutting initiatives and limited tech budgets in core sectors further dampen hopes for near-term revival.</li><li>Analysts predict a modest 5%-6% revenue growth for FY24, with recovery post-mid 2024 contingent on potential rate cuts and improved consumer confidence. The IT sector faces uncertainties, emphasizing the need for cautious optimism amid a precarious future.</li></ul>

What lies ahead for IT firms in the year 2024?

Discover more