Indian IT Industry at an Inflection Point: Time for a Reboot?

It’s the Annual earnings season for most of the Indian IT industry and would be a good checkpoint to reflect on where we are and what lies ahead of us. By all indications, FY 2026 is shaping up to be another year of muted growth for the Indian IT industry—likely in the low to mid-single digits. That would make it the third consecutive year of sluggish performance, a scenario the industry has never encountered before. Recent tariff announcements in the US have only worsened short-term prospects.