“Ongoing large outsourcing projects worth multimillion dollars will eventually get renewed. It doesn’t happen that the deal gets cancelled. That keeps the market afloat. What gets a hit is the new digital initiatives,” Ashish Chaturvedi, Practice Leader (Supply Chain, Retail/CPG, Disruptive Tech) of HFS Research told Bizz Buzz.
“Slowdown is not that unhealthy but businesses may go on a wait and watch mode due to such concerns,” he added.
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