IT companies seeking acquisitions to improve their capabilities and revenue

A downturn in global demand is preventing prospects for organic expansion, therefore Indian IT services are relying on acquisitions to drive growth in the face of an urgent need to invest in new skills, particularly in GenAI.Indian information technology (IT) services may be depending on acquisitions to support expansion in the face of an urgent need to invest in more advanced capabilities, particularly in GenAI, as organic growth prospects are further pushed back in an environment of cautious global demand. "Over the next 12 months, there will be a rise in M&A (mergers and acquisitions) activity due to the flat markets for BPO and IT services at the moment. The majority of new purchases will be in sectors that add