NEW DELHI Dec 16 Tata Consultancy Services Ltd
, India's largest IT services exporter, is optimistic
about clients' discretionary spending in the next fiscal year
starting April 1 thanks to an improving economy in the United
States, its biggest market, its chief executive said.
Discretionary spending, which is typically for longer-term
projects by clients and is an indicator of the health of the
industry, accounts for a large part of Indian outsourcing
"In the U.S., there's a lot of positive mood. Companies are
feeling that there are growth opportunities," CEO N
Chandrasekaran told reporters. "We expect discretionary spending
next (fiscal) year to see an uptick based on the conversations
we have had."
Indian IT vendors are expected to reap the benefits this
year of the strongest demand from U.S. businesses since the end
of the 2008 financial crisis.
India's $108 billion-a-year IT and back-office outsourcing
sector earns about three-quarters of its revenue from customers
in the United States and Europe.
Chandrasekaran also said he expected pricing for TCS's
services to remain stable in the next financial year.
(Reporting by Krishna Das; Writing by Aradhana Aravindan;
Editing by Anand Basu)