Since Indian IT exporters derive more than half of their revenue from banking, financial services and insurance (BFSI) and industrial customers in the US and Europe, they are seen as a direct indicator of growth. economy in developed markets.

ET Intelligence Group: Foreign portfolio investors (REITs) have reduced their exposure to the Indian IT sector amid the risk of a looming recession in the United States and slowing growth in Europe. The weight of the IT sector in their equity portfolio fell below the pre-Covid level of 10.1% in the first half of September 2022, according to NSDL data. Of total REIT outflows of $18 billion in 2022 through September 15, $10 billion due to


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