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IT growth will be affected by the pandemic
April 03, 2020
IT giants will face growth problems during this year due to the outbreak of coronavirus. Indian IT giants will face problems due to the reduced spending by the clients in foreign countries due to the lockdown.
Revenue of the IT sector is expected to be declined by 2-7% during this financial year.
Devang Bhatt at brokerage ICICI Direct wrote, “In future, IT industry is going to face problems due to the lockdown”.
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