The Infotech industry faces headwinds but it also has some factors running in its favour at the moment. One issue is that the dollar has lost a lot of ground over the past year. Indian information technology (IT) companies derive the bulk of their revenues from the US.
The weaker the dollar, the less that income translates to, in rupee terms. Also, given that the rupee has gained significantly versus dollar, the Indian IT firms could lose their competitiveness to some degree. That's one problem. The second problem is that there have been continuous fears about the loss of H1B ...
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First Published: Wed, January 24 2018. 05:10 IST
