IT forecasts cut for 2025: Global tech spending to miss $6-trillion mark; US Tariffs weigh on global budgets

Global tech spending in 2025 is unlikely to hit $6 trillion due to tariff uncertainties, impacting India's outsourcing sector. Analysts have lowered IT growth projections, with potential budget growth capped at 7%. While AI and cloud demand remain strong, a proposed 50% tariff on India could significantly affect its IT outsourcing.