US slowdown not to effect Indian software industry -- Nasscom

US slowdown not to effect Indian software industry -- Nasscom

"The slowdow in the US market would rather help Indian software exports as more American companies would outsource software from India due to cost-effectiveness," Dewang Mehta, Nasscom president, said. Citing the example of 1992-93 slowdown of the US economy, Mehta said, the Indian industry had benefitted during the period as American companies turned to India for outsourcing its software development operations.

"There is some slowdown in the domestic market, but it is marginal and would not bring down the industry average," he said.