# IDBI Capital noted that the demand conditions remain steady but cautious, with clients taking longer to make decisions.

*business · news · 2026-04-07 · NDTV Profit*

## Key points

- IDBI Capital reports clients are delaying decisions due to GenAI disruption concerns from firms like Anthropic.
- Deal wins are focused on cost-saving and vendor consolidation, not new digital projects, limiting revenue growth.
- AI services market is projected to grow significantly by 2030, boosting productivity and revenue per employee.
- Margins are expected to improve year-on-year due to rupee depreciation and reduced subcontracting costs.
- FY2027 guidance remains modest because of geopolitical uncertainties and AI-driven pricing pressures.

**Countries:** India

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