Companies like Infosys, which has a highly-skilled army of software engineers, were worried over job losses caused by outsourcing, amid state-level legislative efforts to curb outsourcing of government jobs.

U.S. Labor Department statistics revealed that only nine percent of non-seasonal layoffs were caused by outsourcing, of which offshore outsourcing was less than a third. "Apart from the facts of the Labor Department, in the last three months, the U.S. created about 900,000 jobs," Nilekani said. He also added that "Part of the problem earlier was about the so-called jobless recovery ... And strong job growth of close to a million has also helped to reduce the debate on this,"

The United States is the main market for India software exporters, accounting for about 70 percent of their turnover.

Infosys may soon lose its status as India's largest listed software service exporter after the number one player by revenue, privately-held Tata Consultancy Services (TCS), filed papers earlier this week in a plan to go public.

Asked if the arrival of TCS could hurt Infosys by diverting some of the investor capital from his company, Nilekani said."I think TCS going public is a great event. It adds to the global pool of Indian companies that are becoming global multinationals," and that would only welcome the planned listing.

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