Global economy, GenAI impact weigh on IT industry recovery: Infy co-founder Gopalakrishnan

Predicting the recovery of discretionary spending in IT services is challenging due to the current global economic slowdown, Kris Gopalakrishnan, co-founder of Infosys and president of the Infosys Science Foundation, told FE. He emphasised that IT services are closely tied to the global economy, making them susceptible to economic cycles and the further the integration of generative AI (GenAI) is transforming service offerings, complicating recovery forecasts.