Dec 31, 02:07 PM

Indian IT Companies Expect Margin Increase in Q3 2024 as Rupee Weakens

Indian IT companies are expected to experience a margin increase in the third quarter of 2024, driven by a weakening rupee. Analysts suggest that the depreciation of the rupee will positively impact the profitability of these firms, enhancing their margins as they earn more in local currency from foreign contracts. The trend reflects a broader economic context where Global Capability Centres (GCCs) are outpacing traditional IT companies in job creation and market capitalization in 2024. This shift highlights the evolving landscape of the IT industry in India, where GCCs are becoming increasingly prominent.

#Global Capability Centres #India

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