We are Hopeful: India Inc

N. R. Narayana Murthy, chairman of Infosys Technologies:

Today is an extraordinary day. The US has voted for compassionate capitalism over laisze faire capitalism. Besides, this election has shown that meritocracy matters most. We believe president-elect Obama to be a pragmatic leader who understands that American industry needs to be competitive not just in America but in third countries as well. This election has also proved that the internet is a powerful medium for raising funds.

Samir Chopra, President of Business Process industry Association of India (BPIAI):

My belief is that the election of Senator Obama does not in any way pose a threat for the Indian IT/ITES industry. Indian industry today is deeply entrenched in business critical work for global customers and in his efforts to bring the economy back in shape he is unlikely to take actions which will impact the Global competitiveness of US companies. I think that this will lead to a new era of greater co-operation between India and US. In the current context it is even more important for the two countries to find ways to partner together to spur innovation, foster economic growth, develop an educated work force and skilled workforce, and create jobs for the global market place.

Krishnakumar Natarajan, CEO of Mindtree, a BPO:

The primary focus of the Industry should be to help President Obama in his efforts to enhance the confidence and credibility in the market and ensure that efforts to improve consumer confidence and improve liquidity are urgently and effectively addressed. Vipul Jain, CEO &

Managing Director of Kale Consultants:

This is a fantastic result for America. The country needed somebody young and dynamic to take the economy out of its current downturn, and Obama is the right person for the job. He can drive transformational change bringing fresh energy, impetus and direction to a slowing economy. U.S.A. being the dominant economic power, a positive political change will bode well for the world at large, including India. There is no doubt that he will provide incentives to American businesses to keep jobs in America, but the Indian IT and ITeS industry is very capable of providing value beyond cost arbitrage.