IT largecaps may be heading back to long-term trend line growth of 7-9%: Ankur Rudra, JP Morgan

India’s large IT companies are heading back to the long-term trend line growth of 7-9%, according to Ankur Rudra, Head of APAC Telecoms & India TMT Research at JPMorgan. The industry’s revenues have regained the figures lost in FY21, and the slowdown in growth over the past year is not necessarily a cyclical issue but more a return to trend line growth.