The past year has in fact seen a rise in the number of contracts chased from forty to forty five percent. An increasing number of global corporate houses are now beginning to get more comfortable with the theme of Indian outsourcing.

An opportunity of $200 billion has been found in the infrastructure service segments of the technology sector, with Indian firms receiving five percent of the share in the market. Infrastructure services now see an increase in the current deal pipeline by fifty to seventy percent, according to the ClSA.

"The positive thing about technology sector is that the budgets have been finalised by most clients... companies such as TCS, Infosys have greater visibility about volume growth, but margins may come under pressure," says Sonam Udasi, head of research at IDBI Capital. "The deprecation of the rupee against the dollar is likely to boost revenues further for Indian software exporters," he added.

Over thirty billion opportunities are likely to be generated for global IT companies by the healthcare reforms in the U.S. Beginning with the thirteenth of October, the market for health insurance in each state in the U.S. will include an exchange for public health insurance allowing people to choose affordable coverage plans for them.

"TCS, Infosys and HCL Tech have changed the sentiment of technology sector... these companies have bagged significant domestic orders and have diversified their client profile across geographies to mitigate against the risk of overdependence on the US and Europe, which is a good sign," says AK Prabhakar, senior vice president at Anand Rathi Financial Services, as reported by Biswajit.