IT services will not face direct impact from tariffs, say industry experts

BENGALURU: The Indian IT sector remains resilient, and there is no direct impact from the US tariff hikes, say experts. However, there might be indirect bearings as clients across sectors might postpone or slowdown spending.

Peter Bendor-Samuel, Founder and Executive Chairman of Everest Group said it is unlikely that the service industry will be affected by tariffs. “I believe the Trump administration would like to, but it is just too complicated to tax tariffs,” he added.