Indian IT sector to grow in mid single digit for FY25: ICRA Report

The Indian IT services industry is expected to clock revenue growth in the mid-single digit for the financial year 2024-2025 (FY25), according to a report by Icra for the year.

The Indian IT service sector will log growth in the range of 4-6 per cent, slightly better than the low-single digit growth of 3.8 per cent for FY24, the report said.

With demand still in the slow lane, the hiring target of the industry is also expected to be in the low range.