Indian IT services providers are unlikely to be negatively impacted by Britain’s decision to leave the European Union, commonly referred to as Brexit, as they are seeing steady growth in the UK and European markets.
“It is unlikely to have a negative impact on Indian tech because the UK will want to create new partnerships,” said Sangeeta Gupta, senior vice-president, Nasscom, the IT services industry lobby.
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Some of the large IT services companies have seen faster growth in the in the UK and Europe than from their traditional US market in the past four-five quarters.
Companies expect business to be as usual, and some regions in Europe and the UK are still picking up outsourcing of technology services, said Kuldeep Koul, lead analyst at ICICI Securities.
Source: Economic Times
