There is a lot of short-term pressure on the Indian economy because of the upcoming election and Fed tapering, but India's long-term fundamentals remain sound, says Rangu Salgame, CEO of the Growth Ventures Group at Tata Communications. The Tata Communications division has seen growth in its cyber-security business in the wake of data theft at retailers like Target and Neiman Marcus.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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