Publish date:

Indian Economy Down Not Out, Says Tata Communications Executive

Tata Growth Ventures CEO Rangu Salgame says there is short-term pressure on the Indian economy due to an upcoming election but the country's long-term fundamentals remain sound.

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.

TheStreet Recommends