"Indian IT majors can emerge as this decade’s leaders in technology.” Milind Kulkarni, Tech Mahindra.

Most of the companies in the industry have exhibited growth in-line with or higher-than-expectations, which signifies a good quarter. Increase in discretionary spends in the US and improved customer confidence has led to the April-June 2013 quarter being a strong one for our multi-billion industry. This could be considered as a sign of an improvement in the outsourcing industry’s outlook.The price environment continues to be stable and INR depreciation will also help the IT industry, which is internationally focused.