India’s top IT firms set for muted Q1 as AI spending fails to lift growth: Report

India’s top IT firms anticipate a slow start to FY27, with growth likely to remain subdued as clients focus on cost savings over major tech investments. While AI adoption is rising, it’s funded by efficiency gains, not budget increases. Margins are expected to hold steady due to currency benefits and cost control. Long-term prospects remain positive, driven by AI complexity and modernization needs.