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 March 7, 2013

2012 Took Its Toll on $100 Billion Industry
Brighter Outlook for IT in India 

 

India's economy experienced its worst performance in a decade in 2012, but is expected to rebound in 2013. This is good news for India's IT Services industry, which is particularly vulnerable to economic uncertainty.

 

What's behind the optimism for 2013? A recent shift in government policy has led to economic reforms. In addition, the government has reaffirmed its commitment to improving infrastructure and communications services across the country. 

 

A key beneficiary of these actions is India's rising middle class -- and that spells opportunity for IT firms in new domestic markets such as mobile payment systems.

 

But to thrive, Indian IT firms will also need to go global, and this will require cross-border acquisitions. If executed well, acquisitions in emerging growth markets could bring IT Services firms back to same growth path they enjoyed a few years ago.

 

There is good news here, too. The large cash balances held by Tier I Indian IT providers such as Wipro, Infosys and TCS should allow them to be aggressive in pursuing such acquisitions.

 

For a more complete analysis of what to expect from the Indian IT Services industry in 2013, read Gaurav Sharma's post in VCCircle here.

 

To learn more about martinwolf contact Matthew Putzulu at mputzulu@martinwolf.com.  

About martinwolf    

 

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             San Francisco, CA                                                Bangalore, India

With offices in San Francisco and Bangalore, India, martinwolf is a leading middle market M&A Advisory focused on companies with IT services-based business models. Since 1997, our team has completed more than 115 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.

   

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"Many of India's IT companies must change or adapt what the do - or they will continue to work harder for less."
 

Gaurav Sharma

 

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