"is this whole overhang of fear in terms of the recession possibility in the US. All the spending today is going into IT, whether it is in terms of digitalisation, cloud migration or Blockchain. These are strategic spends and are not discretionary in nature. I really do not see how IT spends will come off. Some of the so-called new age dotcom businesses will find funding difficult but for a lot of businesses, this spend is here to stay. "
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