Major Indian IT firms have significantly reduced salary hikes for entry-level employees, offering increases between 5 per cent to 9 per cent, while C-suite executives continue to enjoy soaring compensation packages
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The modest growth rate is based on the rationale that clients may delay discretionary IT spending due to economic uncertainties
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This follows a period of slowdown where the sector grew by 6 per cent in FY24, a sharp decline from a 12 per cent compound annual growth rate over the previous decade
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