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Notably, generative AI contributed $1.2 billion to new bookings in Q1, reflecting a $200 million sequential rise.Domestic IT firms, particularly those focusing on emerging technologies, stand to benefit from this surge in demand for generative AI.

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However, attrition rose by 1 percentage point to 12%.Accenture’s steady growth in new technologies and diversified verticals provides a preview of what domestic IT firms might expect in terms of sectoral demand and client priorities in the coming quarters.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

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Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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