US slowdown won't affect Indian IT sector: NRN

Mumbai Sep 6: Infosys Chief Mentor N R Narayana Murthy on Friday, Sep 5 said that India's multi-billion IT sector would continue to fare well despite a slowdown in the US economy, so far, we have achieved as per our projections. Certainly, we will see growth in the next quarter," he told reporters here.

The US, the world's largest economy, is the most important market for India's infotech companies. The Singur controversy involving Tata Motors, Murthy said, "it is very important that politicians, corporate leaders and bureaucrats--all of them sit together and sort out issues based on logic, ideas and in a conducive environment. I am sure we can find a solution for every problem." He said the investor confidence could be adversely affected by the row over the Tatas' small-car project. It is very likely that such a situation will create some doubt and uncertainty, but if the West Bengal Government and Tatas were to come to some agreement, I am sure uncertainty and doubt will go away. But it will take a bit of time."

These are all temporary issues, he said, adding "I am sure they will come to a good conclusion and all our concerns would be a thing of the past. Investor confidence will be restored after the West Bengal Government and Tatas come to some conclusion."

Murthy was Chief Guest at a function at the IIT here. He also released 'Monastery, Sanctuary, Laboratory-50 years of IIT Bombay', a book on the institution's five decades of existence. IIT Bombay is celebrating the golden jubilee of its foundation this year.

OneIndia News