India’s role in data trade may be stymied
Subject Outlook for India's information technology services sector. Significance India’s three largest exporters of software services -- Tata Consultancy Services (TCS), Infosys and Wipro -- are in the midst of their quarterly reporting season, with Wipro due to report tomorrow and Infosys on October 24. On October 12, TCS announced a 2% fall in net profit in the July-September quarter compared with the same period a year earlier on a modest 4% rise in revenue. Despite this muted market for information technology (IT) services, India is seeking to increase sales and profits from the collection, processing and analysis of data. Impacts Demand for information technology hardware products may increase in India. The global use of surveillance technology may increase. Private companies in India may have to frame and declare privacy policies.