Due to the trade war with China, the slowdown of America is clearly visible. The biggest indication of the recession was with the industrial production of December, which has fallen to a two-year low level. This threatens to fall on the Indian IT companies that get big business from American tech companies. .
In December, the manufacturing index was 54.1, which was 59.3 in November and it is the worst performance since November 2016. It is a clear indication that American companies are bringing down the production due to lack of demand. .
Experts say that with the reduction in business, world’s top companies (most American) can reduce digital technology costs like artificial intelligence, blockchann and data processing, which will have an impact on outsourcing companies like TCS, Infosys and Wipro. Indian outsourcing business has reached an annual level of $ 167 billion. Rishad Premji, Chairman, Nasscom Group of IT companies, says that if there is a sudden change in the world’s big economy, then it definitely has a bearing on the digital companies. The impact on the performance of Indian IT companies can be seen only after a few months.
‘The impact of Indian companies on IT companies is reduced due to the reduction of US companies’ expenditure.
TCS, Infosys and Wipro’s big business from the US