Annuity revenue for us is secure; worry is discretionary spend: TCS COO

N G Subramaniam says India's IT industry has the potential to weather all storms and overcome waves

Tata Consultancy Services is confident of a higher operating margin in 2017-18, despite a tepid growth forecast for the sector. The country's largest software exporter says the Indian information technology (IT) industry has the potential to weather all storms and overcome waves. N G Subramaniam, chief operating officer, to Ayan Pramanik & Raghu Krishnan on growth opportunities for his company and the sector. Edited excerpts:

TCS seems pretty optimistic for the year ahead. What gives you the confidence to say the buoyancy is back?
In the past six weeks, Rajesh (Gopinathan, the managing director) and I have been to the US, Europe