Vineet Nayyar, chairman of Satyam Computer Services Ltd. (SCS), comments on the impact of the U.S. credit-rating downgrade on the information technology services industry.
He spoke in a conference call with reporters today.
“The impetus to send work to lower cost destinations will be even more. Still, these are uncertain times.
‘‘The U.S. has always run a deficit -- that is not new. The act of a downgrade doesn’t worry me at all. In the short term, there will be some negative sentiment because of this. But I would only worry if the fundamentals have changed, and that hasn’t happened.”
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