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Outsourcing is India’s most visible industry.
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Analysts should be wary of large software companies like Infosys Ltd. and Tata Consultancy Services Ltd. because of fears of a global economic recession.
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They aren't worried about the slow December quarter or the current financial year ending in March.
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The 12 months from April could prove to be more troublesome.
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Analysts are comparing the 2012 sovereign-debt crisis in Europe as the epicenter of pessimism.
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Repetition of this experience could make a recovery shallow and slow.
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Although a slowdown seems inevitable, Tata Consultancy's Monday financial results provided few clues to gauge its extent.
India's largest software exporter saw $7.08 billion in revenue. This is an 8.4% increase over the December 2021 quarter.