Among verticals, banking financial services and insurance (BFSI) continues to show positive momentum. While there is some recovery in communication, manufacturing (especially automobile) remains weak. Growth trends in hi-tech, retail, and healthcare, are expected to be mixed. The West Asia war is directly or indirectly impacting industries related to travel, transport, logistics and energy. Tech Mahindra and LTIMindtree have small exposure to this region and could face some impact due to delay in revenue billing.
