GenAI, cost takeouts fuel deal momentum in India’s IT sector – Will it sustain in H2FY26? Key winners and laggards
India’s IT services sector is showing signs of resilience, with deal momentum stabilising and artificial intelligence (AI) initiatives gaining critical urgency, even as macroeconomic caution and tariff-related uncertainties cloud the near-term outlook.
Deal momentum rebounds in June amid global caution
According to analysis by BNP Paribas, deal-win announcements in June 2025 recovered after recent softness with strong deal-signing momentum from Europe and North America. Among verticals, it added, Consumer Packaged Goods (CPG) and Retail saw strong deal signings followed by Energy & Utilities, while BFSI was a tad soft after strong recent bookings.
