Incremental policy changes to spur growth: Infosys

Software major Infosys Chairman, K V Kamath has called for incremental policy changes to spur growth in the country. Kamath added that the year ahead looked challenging for the IT services industry, adding that volatility in the global currency market continued to be a challenge. Infosys said that consolidated net profit for the fiscal fourth quarter ending March 31 rose to 23.16 billion rupees from 18.18 billion rupees a year earlier. In line with the forecasts, India's economy grew just 5.3 percent in the March quarter, its worst in nine years and far below the 9 percent pace that drew a flood of investment before the global financial crisis.