After a period of significant growth during the Covid pandemic, the Indian IT sector is settling into a more stable pace. The pandemic caused industries worldwide to shift to online platforms, providing favourable conditions for the Indian IT sector. However, geopolitical issues like the Russia-Ukraine conflict and reforms in India's labour laws have led to a slowdown. Infosys, one of India's leading IT service providers, has revised its growth forecast for the financial year from 4-7% to between just 1% and 3.5%. The broader IT index has been underperforming as a result of increased governmental scrutiny of the sector's business practices, delays to the H-1B visa programme, and automation.