Indian IT Commiserates at Nasscom Show

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The annual Nasscom conference held in Mumbai is usually a leading indicator of India's sense of well-being. If Nasscom, India's powerful software industry association, is O.K., India is O.K. But on Feb. 11, the normally boisterous event opened on a note of sobriety. John Chambers, chairman of Cisco (CSCO), inaugurated the conference with a talk on the future of innovation—mostly Cisco's virtualization innovation. But the most crowded session followed Chambers', when three of India's top IT executives discussed the hot topic of the day: "Hard Times: Slow Economy, Sales Slump—Will It Get Worse? Will You Survive?"

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