Obama`s re-election: India Inc reacts : India Inc happy with Obama`s win
Obama`s re-election: India Inc reacts  

India Inc happy with Obama`s win
Leaders of India Inc have welcomed the re-election of Barack Obama as the US President saying that continuity will be good for bilateral relations, but some of them expressed concerns over the outsourcing issue.

Obama has won a second term in office overcoming a stiff initial challenge from his Republican challenger Mitt Romney.

During the presidential campaign, Obama had criticised outsourcing of jobs to countries like India saying that US needs to create jobs locally.

The US and European markets account for over 80 per cent of revenues of the Indian IT industry.
 
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