CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding

India’s information technology (IT) services sector is likely to see steady revenue growth of 7-9 per cent in the next financial year (FY26), led by a gradual pick-up in relevant spends—mainly by the banking, financial services, and insurance (BFSI) and gen-AI sectors — in the US and parts of Europe. 

In FY25, revenue growth is expected at 5-7 per cent, marking a second consecutive year of muted performance after 6 per cent growth FY24. 

A CRISIL Ratings study of the top 25 firms, accounting for 55 per cent of the Rs 14 trillion IT sector’s revenue in fiscal 2024, shows