A second round of stimulus is a necessary condition for growth to sustain, R Srikrishna, CEO of Hexaware Technologies told CNBC-TV18.

“If there is no stimulus, I think there will be fairly secular impact across industries on growth,” he said.

However, Srikrishna added that the sector is in for a new and sustained phase of growth once the dust on COVID fully settles.

According to Srikrishna, the travel-transportation segment is still a few quarters away before it fully recovers. “Travel-transportation is I think into 2022 before their revenues come back to pre-COVID levels, maybe mid-2022,” he said.

“Tech may lead that recovery by couple of quarters, but even then we are talking about 5-6 quarters for tech spending recovery fully in that sector,” he added.