India's TCS expects Trump tariffs to weaken demand after tepid year

CEO says no big drop in client projects but retail, auto sectors could spend less

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Tata Consultancy Services shares have underperformed the broader stock market, falling 13.3% since January 2024. © Reuters

SAYAN CHAKRABORTY

BENGALURU -- U.S. President Donald Trump's sweeping tariffs have doused hopes of an immediate rebound in Indian software exports, with bellwether Tata Consultancy Services reporting underwhelming growth in the January-March quarter as clients rein in their technology expenditures.

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