Persistent, Wipro, other IT stocks fall up to 8% as Trump tariffs fuel inflation fears
- Posted on April 3, 2025
- By Business News Today
- 1 Views
Persistent, Wipro, other IT stocks fall up to 8% as Trump tariffs fuel inflation fears
US tariffs on Indian goods may indirectly impact India's IT sector by causing higher inflation and reduced tech spending in the US. Indian IT firms, which rely heavily on US clients, could face revenue declines if US companies cut their technology budgets due to the economic uncertainties.
