Team Blitz India
WASHINGTON: Goldman Sachs sees revenue growth for India’s IT sector companies picking up, driven by pent-up demand for IT services and the impact of adopting generative artificial intelligence (AI) tech.
The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector’s upside, even though near-term revenue is likely to remain ‘muted.’
Indian IT services companies have doubled their market share in the last 10 years,” analysts at Goldman Sachs led by Manish Adukia wrote in a note dated August 23. .
