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Business News: US-based corporate giant Accenture employs a significant employee base in India, but the IT sector is slowly emerging as a decelerator. During this scenario, the IT giant came up with a surprising revelation that shocked the industry. Analysts had confidently predicted that the interest rate cuts touted by the US Federal Reserve would be replaced by a recovery in the IT industry and might revive its earlier growth. The point is, though, that Accenture’s most recent move has heightened the vagueness, and market analysts and traders have begun to wonder when the upswing will take place.
