The article discusses how tariff uncertainty, stemming from the US-China trade tensions, is causing significant delays and disruptions in the Indian IT services sector. Companies like Tata Consultancy Services, Wipro, and Infosys are experiencing project delays as clients adopt a cautious stance. TCS CEO K. Krithivasan highlighted that uncertainty, starting in February, has led to delayed decision-making in the Consumer Business Group. Similarly, Wipro's CEO, Srinivas Pallia, noted that tariff hikes are causing clients in both the US and European markets to reassess their project timelines.
K. Krithivasan, CEO of TCS, noted that since February, project delays emerged due to uncertainty in consumer sentiment affecting US discretionary projects.
Srinivas Pallia, Wipro CEO, acknowledged that tariff hikes led to a slowdown in transformation projects as clients reassess their timelines in response to uncertainty.
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