But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing.
"It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC.
watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added.
Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC.
As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.