16 Sep 2025 | 5 Mins Read
Gen AI seen shaving 3% from large IT firms' growth
Flipitmoney
Indian IT is entering a slow-growth phase, driven by global macro headwinds (250 basis points), captive shifts (100-125 basis points), and generative AI (15% or 300 basis points). Kotak Institutional Equities' Kawaljeet Saluja expects growth to improve by 2026-27 as macro headwinds ease. His top IT stock picks are Infosys, Tech Mahindra, Coforge, and Hexaware.