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India IT outsourcing firms seek booster shot from Obamacare

Written by Reuters
india
  • Reuters
  • 2 years ago

india

India’s IT outsourcing firms are betting on U.S. President Barack Obama’s healthcare reform to rev up revenue growth which is slowing as the $146 billion industry’s key financial and manufacturing clients spend less on software services.

The United States is the biggest market for the outsourcing industry, which is dominated by Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd.

It also accounts for 90 percent of all healthcare related contracts, which researchers Everest Group expect to more than double to about $68 billion in 2020 from nearly $31 billion two years ago, largely due to “Obamacare”.

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