Industry - Ameet Nivsarkar, vice-president of NASSCOM
Source: CNBC
Fears over Obama re-election overdone: Nasscom
Concerns with regards to the re-election of President Obama: They are. If you look at, it not much has changed from last week. It is business as usual for the industry. In fact, if you look at 2008 when the president got elected for the first time things were much worse. We are in a much better situation than what we were in 2008 right now.
Fears about President ObamaⳠanti-outsourcing stance : Growth in the US will only come if American companies start growing and these are helped by the Indian industry not only in terms of brining in efficiencies and innovations but also in expanding to newer geographies.
Biggest fear for the IT industry which is a plausible scenario: The visa rejection rates have been significantly high and we are working with the US government both in Delhi as well as in Washington. We are trying to resolve the situation; to see if that can be brought down.
FY13 revenue growth of 11-14 %: We do not see any reason for a change in the guidance. After a year, we would definitely be in double-digit growth for sure. I do not think there is any concern on that front.
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