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Indias last three budgets, which can be seen as statement of economic policy, have focused on two major principles: to portray India as an attractive destination for capital, and increase in public spending to raise returns and attract private investors.
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trumps campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws?
Tata Consultancy Services Ltd
Tata Consultancy Services Limited (TCS) is India’s largest information technology consulting, services and business process outsourcing organization with revenue exceeding $6 billion.
TCS commenced operations in 1968 and since then played a vital role in developing the IT services industry in India. Today, TCS operations span 42 countries and employs more than 140,000 people offering a comprehensive range of services across diverse industries. Six of the Fortune Top 10 companies are among its valued customers.
Among the acquisitions made by TCS, the most notable has been the $500 million acquisition of Citi Global Services Limited, the BPO arm of Citigroup Inc. in Oct. 2008, which happens to be one of the highest valued merger and acquisition (M&A) deals in the sector in India.
TCS is part of one of Asia's largest diversified conglomerates - the TATA Group having business interests such as energy, telecommunications, financial services, chemicals, engineering, healthcare, among others. By virtue of being part of a diversified group, TCS has the understanding of specific business challenges facing global companies.