Synopsis

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

  • FONT SIZE
  • TO REGISTER
  • TO PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times stories, editorials and expert opinions in more than 20 sectors

  • Stock analysis. Market research. Industry trends on more than 4000 actions

  • own experience with
    Minimal Ads

  • Comment and engage with the ET Prime community

  • Exclusive invitations to Virtual events with industry leaders

  • A trusted team of Journalists and analysts who can best filter the signal from the noise