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IT sector to log mid-single digit growth for third consecutive fiscal: Credit Grade

Supported by rupee depreciation, the Indian information technology (IT) services sector may sustain its 6-8% growth in the financial year 2026 (FY26), making it the third consecutive fiscal of mid-single-digit growth for the $280 billion Indian IT services sector, a Credit Grade report said.

April 3 (Reuters) - Indian stocks weathered U.S. President Donald Trump's tariff storm with minor bruises on Thursday as investors expect the South Asian nation to benefit from a relatively lower tariff rate than its Asian peers.

Trump on Wednesday slapped a 26% Reciprocal Tariff on India, though an annexure to the order listed it at 27%, as a part of his plan to impose a 10% baseline tariff on all trade partners, with higher duties on dozens of countries, including China

DATE : 3 April 2025 .

Celebrating its 50th anniversary, Microsoft continues to exemplify adaptability under CEO Satya Nadella's leadership. The company's strategic embrace of open-source tools and expansion of cloud services, including a significant partnership with OpenAI, has positioned it favorably in the AI landscape. These initiatives have contributed to a tenfold increase in Microsoft's stock price, elevating its market valuation to $2.8 trillion.

DATE : 1 APRIL 2025, Tuesday

This is not a bad thing, but it’s also not the full story. More than 80 per cent of recently created jobs are in the non-market sector and are essentially sponsored by government spending that is running at near record levels of GDP. Market sector job creation, on the other hand, has essentially flatlined.

This dynamic has contributed to a labour productivity crisis, as non-market jobs typically contribute less to overall economic output than private market counterparts (because of the higher labour intensity of non-market jobs). Since its peak in March 2022, Australia’s labour productivity has fallen by 5.7 per cent, with both market and non-market productivity declining. Non-market labour productivity now sits at a near 20-year low.

This year is likely to be the year where the rubber really hits the road for GenAI implementation, with most organisations spending the past two years developing use cases for the technology. Deloitte Access Economics’ latest edition of Employment Forecasts estimates this will lead to software and application programmers being the fastest-growing occupation in 2025, with almost 20,000 additional programming jobs being created – or 10 per cent of the occupation’s existing workforce.