Donald J Trump has become the 45th U.S. President. Arup Roy, Research Director, Gartner offers his views on how this will impact the Indian IT sector.
Arup Roy, Research Director, Gartner
“Indian IT sector must now brace for further troubled times ahead. The sector was already battling both cyclical challenges (due to changes and shifts in financial services, healthcare verticals) as well as secular challenges (i.e., cloud shift, automation, pricing pressure, insourcing) impacting revenue growth. A sub 10% growth for FY2017 is certain. Now with Donald Trump, administration will add to the industry’s woes. Trump administration’s protectionist views would have further dampening impact on growth prospects, if the views were to crystalize into some serious policy implementations. However, what happens during campaigns and what actually transpires in office can vary greatly and we did get early signs of that in his victory speech, but at minimum it is headline risk and adds to the uncertain times.”