"Not the best news for India or the IT outsourcing industry. However, we need to understand how much of the election rhetoric continues into 2013 and that will determine the full implications to us," Murthy said.u00a0

u00a0

"The concern over the deficit and jobs will continue (in the US) and in my mind, will force the sluggishness to remain in the economy," he said.u00a0

u00a0