Indian IT companies have shown resilience in the face of the digital storm. TCS’ growth engine is firing again, with a 22.56% increase in profit for the second quarter of this fiscal year. Infosys has a new chief executive and sense of purpose, having bagged more than USD2 billion in new orders this year.
India’s outsourcing industry is forecast to grow from $143 billion to $167 billion between 2016 and 2019 with its contribution to gross domestic product poised to go from 7% to around 10%. Digital technologies now account for a third of the industry’s business and drive much of the buoyancy.
Source: The Economic Times