Tag: India

BusinessTechnology

Indian IT Sector Faces Extended Downturn Amid Global Spending Constraints

Technology shares in India are experiencing sustained pressure as global enterprises tighten spending on digital transformation projects. Market analysts suggest the sector may face prolonged challenges amid shifting client priorities and economic headwinds affecting technology investments worldwide.

Market Conditions Worsen for Indian Technology Firms

India’s prominent information technology sector continues to face significant headwinds as global corporations reportedly scale back their technology expenditures, according to recent financial analysis. The downward trend has persisted through recent trading sessions as India-based IT service providers navigate what sources indicate is a challenging period for technology spending worldwide.

by Sarah Collins
EconomyPolicy

India’s Bankruptcy Reforms Face Implementation Hurdles as Recovery Rates Lag

India’s landmark bankruptcy reforms face significant implementation challenges, with nearly 80% of ongoing cases exceeding the 270-day resolution timeline. Recovery rates remain at just 32%, only marginally better than pre-reform levels, according to recent analyses.

Bankruptcy Reform Goals Versus Reality

When India introduced its new insolvency code in 2016, analysts suggest it was hailed as the end of what many called a “defaulter’s paradise.” According to reports, the World Bank had estimated that bankruptcies in the country previously dragged on for 4.3 years on average, more than twice as long as in China. The new regime reportedly promised to cut that timeline to 270 days while helping creditors recover significantly more of their dues.

by Darren Holt