• Industry Speaker

Friday 6 July 2012

Industry outlook - June 2012

The week ends on an optimistic note - Europe is stable, America hasnt sounded any more outsourcing warnings, the Indian PM is on a roll with his positive announcements - IT industry results start rolling next week - hope all the surprises are good ones !

On a recent interview with CNBC, I had to stave off a series of alarmist questions ? Will the "Move jobs to USA" bill be the death knell of outsourcing ? Will the US Government's intention to ask all software companies to do the work only in America be a deterrent ? Will NASSCOM have to downgrade its growth outlook for the industry further ?

At this point, I said and I reiterate here, there are no really negative signals anywhere. The industry is healthy and is still the best place for competent and ambitious young people to build their careers. Its not going to be an easy next nine months but then fortune favours the bold !

Enjoy the ride

Ganesh

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