India's IT sector nervous as US proposes outsourcing tax

By Haripriya Suresh and Urvi Dugar BENGALURU (Reuters) -India's massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating contracts while the U.S. debates a proposed 25% tax on American firms using foreign outsourcing services, analysts and lawyers said. The sector is likely to be on the receiving end of a bill which, though unlikely to pass in its nascent