Quarterly results have been excellent; are happy days here again?

Addressing a group of industry watchers and analysts in New York City in 2008 after the financial crisis had hit and I had just become chairman of industry association Nasscom, it was interesting to face a barrage of questions and waves of pessimism about the industry’s future. Some cynics were even expecting a three-year decline in industry revenues and were almost incredulous at my five per cent growth prediction for that year and a revival after that.

Which did come to pass as a resilient industry found new mojo and surged back. In an almost inevitable repetition 2016 onwards, the …

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