Scene in US, Europe worrisome for Indian IT industry

[OhioChick]

12 Oct, 2011, 05.37PM IST, PTI

BANGALORE: Macroeconomic challenges in the US and Eurozone turbulence are matters of concern for India's information technology industry, Infosys said today.

"The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry," said the Infosys CEO and Managing Director S D Shibulal said.

"There are definitely bigger worries. We remain very, very cautious", Shibulal said. "We need to be worried because the environment is not stable".

The US and Europe account for more than 80 per cent of revenues of the Indian IT industry.

More: http://economictimes.indiatimes.com/tech/ites/scene-in-us-europe-worrisome-for-indian-it-industry-s-d-shibulal-ceo-md-infosys/articleshow/10327813.cms

[ihavenobias]

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