The US debt deal is likely to have a positive impact on Indian IT companies in the long run, Mr Suresh Senapaty, Executive Director and Chief Financial Officer, Wipro, said here on Wednesday.
“In medium to long term, the debt deal is expected to have a positive impact on IT companies,” Mr Senapaty said on the sidelines of a seminar organised by the Confederation of Indian Industry (CII).
According to Mr Senapaty, the debt deal would see higher investments in technology by all US-based companies to better their efficiencies. This ultimately will help out the services provided by Indian IT industry to the US.
There will, however, be no effect on the margins Indian companies, he added.
The plan passed in the US has raised the debt ceiling by $ 2.1 trillion and cut government spending by $ 2.4 trillion over a 10-year- period.