Karnataka’s government is set to revise its IT export targets in response to the ongoing economic downturn. The previous target of achieving $150 billion in IT exports by 2026, set by the BJP-led government, is likely to be lowered considering the challenging economic climate. The state’s IT industry has faced multiple setbacks due to the global uncertainties, trade tensions, and the COVID-19 pandemic. These factors have significantly impacted businesses and their ability to meet export goals. The government’s decision reflects the need to reassess and readjust economic goals to align with the current circumstances. It highlights the recognition of the challenges faced by the IT sector in Karnataka and the importance of adopting a realistic approach to ensure sustainable growth. For more information, please visit the source link.