Japan Financial ripples won't affect Indian IT market: Experts

Dismissing fears of investors and entrepreneurs, Information Technology experts on Tuesday said that the financial effects of the catastrophe in Japan due to low sectoral trade revenue would not affect the booming Indian IT market. Consequently, Japanese shares plunged more than 14 percent as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia. However, Indian IT experts categorically asserted that India would remain safe from the catastrophe's financial ripples.