New Delhi, March 6 -- A report by Morgan Stanley has indicated that the growth of Indias information technology (IT) sector may moderate during the transition phase of a new technology cycle.
According to the report, spending on IT services could grow more slowly than the overall expansion of the United States economy during this period.
Technology Transition May Slow IT Spending
The report noted that the IT services spending multiplier relative to US nominal GDP growth is expected to remain low during the transition phase of the new technology cycle.
This means that even if the US economy grows, IT services spending may not rise at the same pace as seen during earlier technology cycles. Historically, such transition phases have l...