India IT set for fourth year of weak growth on geopolitics, AI risks

HCL Technologies Ltd. and Tech Mahindra Ltd. are next to report after Tata Consultancy Services Ltd., letting investors gauge how India’s IT sector is navigating concerns over AI disruption and sluggish client spending.

Growth is expected to be muted as customers remain cautious on discretionary technology projects, though recent results from Accenture Plc offered some encouragement that spending is shifting toward large AI-led transformation projects instead of simply drying up, according to Antique Stock Broking analysts.