Putting It Off

The Economic Times - - Companies: Pursuit Of Profit -

Ear­lier this week, Nasscom de­layed its growth forecast for the first time in its 25 years of ex­is­tence. While that led to whis­pers about the ap­par­ent de­clin­ing health of the in­dus­try, ET learns the group­ing had thought of de­fer­ring or not an­nounc­ing a tar­get for about two weeks be­fore that. The fi­nal de­ci­sion to hold back the growth tar­get was made by the Nasscom ex­ec­u­tive coun­cil, which in­cludes heads and se­nior of­fi­cials of multi­na­tional tech­nol­ogy com­pa­nies, BPOs, In­dian IT ser­vices com­pa­nies and in­ter­net com­pa­nies. The de­ci­sion was not an easy one and was de­bated for a long time be­fore it de­cided to hold on.

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