Information Technology Exclusive: IT industry in recovery mode; new deals offset budget cuts by clients Updated : August 11, 2020 01:34 PM IST IT industry is seeing a recovery due to the new outsourcing spends by clients across sectors barring the severely distressed ones. A lot of budget cuts are being achieved through internal cost take-outs. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.