The pall of gloom around India’s outsourcing industry, a $200 billion-plus exporting powerhouse, was lifted overnight by Infosys Ltd. After the company raised its full-year sales forecast, investors took optimistic commentary from management as a sign that large client orders are coming back. The stock, which also trades in New York, surged more than 10%. But what if the celebrations are a tad premature?
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Is the Worst Over for Indian Outsourcing Firms?
