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India Inc congratulates Obama, but concerned about IT industry

Nov 07, 2012 02:34 PM IST India India

India Inc welcomed the re-election of Barack Obama as the President of the US but there are some concerns in the IT and outsourcing industry.

However, the Indian government said that it looks forward to stronger Indo-US ties.

Obama was re-elected for a second term on Tuesday and said in his victory speech that the best is yet to come for the US.