Industry body Nasscom has said that it will look at reducing the guidance for the IT sector in the 2017 fiscal.
For the current fiscal, Nasscom expects a 10-12 per cent growth for the $143 billion IT sector. "Looking at the macroeconomic factors and the companies' readiness in dealing with this situation, growth could be in single digits," said an analyst who did not wish to be named.
Talking on the sidelines of Nasscom Product Council,R Chandrasekhar, President of Nasscom said that the industry body will take a decision in the next couple of weeks. "We are waiting for some more companies to announce their quarterly results," he said. Cognizant and Tech Mahindra are yet to report their second quarter earnings.