IT industry is poised for recovery in FY26: Nasscom

IT services industry, which is facing headwinds amidst a challenging macroeconomic environment with clients reducing discretionary spends. With Donald Trump slated to assume the President’s office charges for H-1B visa may also see a rise. Rajesh Nambiar, president, Nasscom in an interview with Padmini Dhruvaraj, however maintains that the industry is poised for recovery in FY26 on the back of drivers like AI, GenAI, and DeepTech innovation. He said that challenges like H-1B visa rule changes are being addressed by Nasscom. Demand is high for AI, Cloud, and Cybersecurity skills, while GCCs are evolving into global innovation hubs leveraging India’s talent advantage. Excerpts: