Concerns Over US Slowdown Cast Shadow on Indian IT Industry

Happiest Minds chairman Ashok Soota has voiced concerns regarding the future of the Indian IT sector, pointing to market indicators that suggest an upcoming economic downturn in the US. Despite these worries, Soota remains optimistic about his company's growth trajectory.

Optimism Amidst Uncertainty

"The market is predicting a US slowdown or recession. This has clouded the prospects for the Indian IT industry. We want to state emphatically that at Happiest Minds, we see no recession-driven slowdown," Soota stated. He attributed this confidence to the company's strategic initiatives and the positive impact from the acquisitions of Pure Software and Aureus.

Looking Ahead

"This is not a results conference, but I can say that we expect to deliver healthy double-digit organic growth, not just in FY26 but also FY27 due to the momentum," he added, highlighting the company's strong position despite broader industry concerns.