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As small deals dry up, Indian IT prepares to declare FY24 as a year of drought
IT growth spiked during the pandemic as companies spent big on smaller projects. Now, the flood of small deals has dried up, leaving large deals in the market. But because of how the different deals work, the shift has impacted IT-service revenue. For Indian IT, the dearth of small deals is going to make an already bad FY24 much worse.
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