India set to be global leader in tech services: Forbes chief

MUMBAI (Reuters) - India is set to become a global leader in technology services as software companies move up in the value chain, while the weak dollar has hurt the U.S. economic recovery, the Chairman and CEO of business publisher Forbes said on Saturday.
"You have to make the distinction between pumping in money in immediate emergency response to the near collapse of the financial system and when the immediate crisis is over," Steve Forbes, 62, told Reuters, when asked what he made of the U.S. government's response to the worst global economic crisis since the Great Depression.  
"This year I think the U.S. government has made a number of mistakes that has slowed the recovery. They've not reduced taxes ... in terms of the dollar, they have not stabilized the dollar. They've weakened the dollar which hurts business investments, hurts the flow of capital and small businesses," he said.



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Source: http://www.reuters.com