if the downturn in large American deals extends to next year, lackluster mass consumption in the worlds most-populous nation may start to weigh on an exuberant stock market thats betting big on a third term for Modi.
Us Rate Cuts Indian Outsourcing: It isn’t just Infosys that’s struggling with dismal growth. Tata Consultancy Services Ltd., which has also just reported earnings, eked out sales growth of 1.7% simply because the biggest outsourcing firm is less dependent on clients from North America, where it too saw a decline.