 "Information technology, income, IT, work, calculate")
While appreciation of rupee against US dollar and tightening of H1B visa norms impacted the performance of the Indian IT services companies in the Q3 of FY 18, the trend is expected to continue at least for a couple of more years. According to a report by credit rating agency ICRA, Indian IT services companies are expected to register a compounded annual growth rate (CAGR) of mid-to-high single digits for the period FY2017-2020, while the price led competition is also likely to intensify further and negatively impact margins for the industry.
The aggregate growth of Indian IT services companies (based
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