Impact of Pandemic Covid-19 on Information Technology Sector in India

Abstract

The spread of pandemic Covid-19 has drastically disrupted every aspects of human life including Indian IT sector.It has created an unprecedented test on IT sector. In many IT companies around the world, offices are closed and work is done from home. Internationalization has slowed down considerably. Over the last couple of decades, the IT industry has been India’s leading sector to economic growth. It plays an imperative role in fulfilling the country’s several middle-class dreams of accomplishment and aspirational careers. However, due to coronavirus Covid-19 outbreak, players in India’s IT services, according to industry analysts, will see a significant slowdown in growth during this financial year. Reports claim that top software exporters, including Tata Consultancy Services, Infosys, and HCL Technologies, will be impacted most by the lessened technology spending from clients in the US and Europe following lockdowns across the globe. This article highlights on major impacts of Covid-19 on Indian IT sector.