The Centre for Monitoring Indian Economy revised upwards its industrial forecast for 2003-04 by 1% to 5.5% as the food sector is expected to show a positive 3% growth as against the earlier projection of a decline of 0.4%.
The offshore development centre of information technology major Cadence Design Systems has dislodged Infosys Technologies from its top position to emerge as the best employer of the Indian IT industry in 2003.
The US move to reduce the number of H1B visas to 65,000 from 195,000 will affect the Indian information technology industry in the long run, Kiran Karnik
They expressed disappointment over the firm's performance.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
The tech industry grew to Rs 74,787 crore from Rs 62,584 crore, according to the annual Dataquest Top 20 survey.
The ongoing US-led aggression on Iraq will help India's information technology industry in the post-war scenario, Union Disinvestment, IT and Communications Minister Arun Shourie said on Tuesday.
The economics, the cost pressures, the declining labour pool, the case studies of competitors and the maturing vendor base will ensure that this industry continues to grow, says Noshir Kaka, Principal, Mckinsey & Co.
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The e-commerce sector gave a much higher average hike of 16-20 per cent to its executives.
Nasscom estimates say that 2.4 million jobs would to be created for IT personnel by the end of the Tenth Five-Year Plan.