“Indian companies, have a sanguine growth outlook, except possibly IT services where we are witnessing some slowdown. Q2FY23 will be the first quarter in the last 3 years to see a completely normal restriction-free economy. At the same time, different parts of India also see regional or national festivals that give a short-term boost to demand for various goods and services. Q2FY23 should see moderate to good revenue growth. Depending on the sector, we should also see profit margin pressures abating gradually.”
