Indian IT services firms are unlikely to return to their historical double-digit growth rates as structural challenges weigh on the industry, according to Yogesh Aggarwal, Head of Equity Research at HSBC India. While the sector could see a cyclical recovery in the near term, from a medium to long-term perspective, growth will likely stabilise at 4-5%, he said in an interaction with ET Now. Further, the rupee has depreciated by about 2.5-3% over the last 25 years, contributing to overall EPS growth and supporting this expectation for medium to long-term investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian IT services firms are unlikely to return to their historical double-digit growth rates as structural challenges weigh on the industry, according to Yogesh Aggarwal, Head of Equity Research at HSBC India. While the sector could see a cyclical recovery in the near term, from a medium to long-term perspective, growth will likely stabilise at 4-5%, he said in an interaction with ET Now. Further, the rupee has depreciated by about 2.5-3% over the last 25 years, contributing to overall EPS growth and supporting this expectation for medium to long-term investors.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-957858","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=957858"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957858\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=957858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=957858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=957858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}