The Indian IT-service sector is expected to see a seasonally soft quarter, with furloughs and an unchanged macro environment weighing on near-term growth. Client decisionmaking remains cautious, particularly for discretionary spending, resulting in muted sequential performance across most of the tech companies. Deal execution continues to provide support, and mid-tier firms are likely to outperform Tier-1 peers due to better agility and stronger exposure to cost-optimization deals. Market focus is gradually shifting toward medium-term signals, as enterprises scale AI-initiatives from pilots to enterprise-wide deployments. AI-led transformation and infrastructure modernization continue to drive deal pipelines and are increasingly becoming central to client...