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Question posted: 10 29 2009 14:53:42 +0000,
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07 06 2010 20:18:08 +0000
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India is already in the process of recovery. Because of the recovery in US economy, the biggest market for India’s over $50 billion outsourcing industry, showing signs of an economic recovery, top honchos at Infosys, Wipro and HCL said their optimism has proven right. The financial results of the country’s top-three software exporters have already shown signs of recovery earlier this month. India’s software exports industry derives more than half of its revenue from the US.
Many customers , including Citigroup, JP Morgan and BofA have been holding their new tech investments because of a worsening economic crisis. With the US economy showing signs of recovery, indian tech vendors believe the worst could be over very soon....
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