The outbreak of coronavirus has sent shivers down the spine of the global economy. It has not only disrupted the global supply chain network but has also severely damaged the economy. Technology and auto are among the worst-hit sectors, but the Indian IT sector is set to tell a different story.
According to a report by Blackrain Investments, India’s IT industry can witness a growth pattern similar to the 2008 global financial crises, when widespread investment in technology and influx of companies from around the world helped the Indian IT sector grow with a CAGR of 14% between 2009-14. With the global outbreak of Covid 19 and global economic slowdown, the Indian IT industry is again expected to grow over to $467 billion by 2025 and witness a high growth trajectory in the coming 5 years.
