Indian IT industry is safe

According to survey condected by Nasscom told that Indian IT industry is safe India's IT industry does not need to worry about the current economic downturn as "we have a strong knowledge base" and the established market players here would not be affected. "We need not worry about the slowdown in the US economy. It is all a temporary phase and very soon, the US dollar will reach a stable position," said Ganesh Natarajan, chairman of the National Association of Software and Services Companies (Nasscom). Addressing a chief executives' meeting here, he said despite the global meltdown, the Indian software business is growing…