India's IT Giants Face Slowest Growth in Years Amid Global Uncertainty
India's three largest IT services companies, Infosys, Tata Consultancy Services (TCS), and Wipro, are experiencing their steepest growth slowdown in years. Global economic uncertainty and geopolitical challenges have led corporations to curtail large technology projects, resulting in disappointing performance from all three firms. Infosys projected 0-3% revenue growth for FY26, significantly below analyst expectations. Wipro anticipates a 1.5-3.5% sequential revenue decline in Q1, and TCS also missed fourth-quarter earnings estimates. While companies highlight strengths in AI, cloud, and digital technologies, macroeconomic headwinds and AI-driven pricing pressures threaten to constrain medium-term industry growth to a modest 4-5%, with little prospect of acceleration.