According to on- line news reports, shares in India's Tata Consultancy Services fell as much as 4.4 percent today on less than expected reults, heading towards their steepest fall since October 2014, as the company's January-March revenue fell short of expectations. There was sell off on other IT leaders too.
The volatility in the currency market and overall sluggish demand are factors attributable to the lackadaisical returns but one major issue that needs introspection among Indian IT companies is the need to keep to innovation. Unlike US companies, the Indians are far removed from disruptive thinking and this seems to affect growth. Make in India is good but it has to be technically competitive.
Are Indian software leaders losing the edge?
Without risk or responsibility
The volatility in the currency market and overall sluggish demand are factors attributable to the lackadaisical returns but one major issue that needs introspection among Indian IT companies is the need to keep to innovation. Unlike US companies, the Indians are far removed from disruptive thinking and this seems to affect growth. Make in India is good but it has to be technically competitive.
Are Indian software leaders losing the edge?
Without risk or responsibility
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