New Delhi, June 9 (IANS) Fitch Ratings has kept India’s GDP growth at 6.4 per cent for FY27, saying that the ongoing West Asia crisis and global oil situation are likely to slow down the economy in the upcoming quarters this fiscal.In a note, the global leader in credit ratings and research said that “We expect GDP growth to ease to 6.4 per cent in FY27, a downward revision of 0.3pp from March”.Domestic demand will be the main driver of growth, but lower imports in real terms imply positiv…
Latest IT Spending News & Updates
New Delhi, May 7 (IANS) India’s enterprises are seeing a significant technology spending surge, with IT spending expected to grow up to 8 per cent in 2026, with AI and data transformation expected to drive 40–45 per cent of change-related tech expenditure, a report said on Thursday.The report by Bain & Company said India’s IT spending growth is expected to outpace the 4-6 per cent increase projected for global peers.Spending has accelerated over the past 12–18 months and the trend is e…