Cautious FY27 outlook for IT sector amid macro headwinds and AI transition: Sumeet Jain

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Indian IT firms face a period of measured growth in FY27. Global economic uncertainty and geopolitical risks are key challenges. While AI presents opportunities, its impact on revenue is not yet significant. Mid-cap IT companies show promise. According to Sumeet Jain of CLSA India, the sector's near-term outlook depends more on macro stability than AI shifts.