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‘US slowdown fears cloud Indian IT biz’

Word Count: 456 | Estimated Reading Time: 3 minutes

BENGALURU: Happiest Minds chairman Ashok Soota expressed concerns about the prospects of the Indian IT sector, even as his observations stem from market indicators suggesting an impending economic downturn in the US. “The market is predicting a US slowdown or recession. This has clouded the prospects for the Indian IT industry. We want to state emphatically that at Happiest Minds, we see no recession-driven slowdown,” he said here on Wednesday.
Soota explained that their growth path became clearer, attributing this confidence to the company’s initiatives and the tailwind from the acquisitions of Pure Software and Aureus. “This is not a results conference, but I can say that we expect to deliver healthy double-digit organic growth, not just in FY26 but also FY27 due to the momentum,” he said.

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