“Sumeet Jain of CLSA India holds a cautious outlook for the Indian IT sector in FY27, stating that meaningful revenue reacceleration remains elusive despite a marginally better macro environment. CLSA has trimmed its constant currency growth forecasts for large-cap IT firms by 1-2 percentage points for FY27, attributing this to global macro uncertainty, geopolitical risks, sticky inflation, elevated US bond yields, and expected sharp pullbacks in near-term IT spending from verticals like travel, transport, hospitality, consumer discretionary, and energy utility.”