India’s Nifty IT index fell to a three-year low on Friday after bellwether Accenture forecast quarterly sales below Wall Street view, cut its annual revenue outlook and reported softer bookings in its managed services business.
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India’s $315 billion IT sector faces concerns that AI could disrupt its labour-intensive model, while geopolitical and economic uncertainty weighs on demand as clients defer non-essential tech spending.
Analysts see a negative read-t… [1356 chars]
Source: Reuters | Published: 2026-06-19T03:58:00Z
Credit: Reuters
