Impact of Currency Devaluation- A Case Study on Tata Consultancy Services Ltd

Abstract: Nowadays, developing country like India is facing a major problem of currency devaluation. Economic and strategic support taken by a country, India has become the major trading partner of US. The impact of currency devaluation against the dollar on TCS for the period 2012 to 2023 has been investigated in this paper. It has seen that the Indian Rupees soaring to new highs against the dollar and subsequently falling to new lows. Every company has its ultimate aim to Growth. Increase in competition with the Changing times has provided a competitive edge to a company over others. Various indicators like Revenue, Profits and employment rate represent the position of the company in the market. There are very few studies that thoroughly examine the impact of currency devaluation on the IT sector of the country. Therefore, the goal of this study is to comprehend the impact of currency devaluation on the employment and the financial performance of TCS. Keywords: Currency, Devaluation, Revenue, Profit, Financial Performance, Employment, Tata Consultancy Services. Title: Impact of Currency Devaluation- A Case Study on Tata Consultancy Services Ltd Author: Ananya Priya International Journal of Social Science and Humanities Research ISSN 2348-3156 (Print), ISSN 2348-3164 (online) Vol. 12, Issue 4, October 2024 - December 2024 Page No: 360-366 Research Publish Journals Website: www.researchpublish.com Published Date: 11-December-2024 DOI: https://doi.org/10.5281/zenodo.14385506 Paper Download Link (Source) https://www.researchpublish.com/papers/impact-of-currency-devaluation--a-case-study-on-tata-consultancy-services-ltd