The serial blasts in Mumbai would have no impact on Indian IT industry, thriving on outsourcing, industry leaders said on Wednesday.

"I don't think the blasts will have an impact," Nandan M Nilekani, CEO and MD, Infosys Technologies [Get Quote] said.

"We have seen terrorism across the world...New York, London and Madrid. It's a phenomena in many, many countries. India economic story is intact", he said.

Nilekani termed the blasts as "terrible and shameful act". The resilience, courage and dynamism with which Mumbai sprung back to life today was a tribute to the enormous strength and fortitude of Mumbaikars, he said.

Mumbai suburban train blasts: Complete Coverage