The pall of gloom around India's outsourcing industry, a $200 billion-plus exporting powerhouse, was lifted overnight by Infosys Ltd. After the company raised its full-year sales forecast, investors took optimistic commentary from management as a sign that large client orders are coming back. The stock, which also trades in New York, surged more than 10%. But what if the celebrations are a tad premature? Both Bengaluru-based Infosys and its larger rival, Tata Consultancy Services Ltd., are facing near-term pressure on profits. TCS reported a 14% decline in net income this week, missing analysts' estimates. Infosys registered a 2.2% drop. Last quarter's turbulence can be chalked up to the impact of India's new labor codes employers have been forced to bump up gratuity and other compensation liabilities. The more important question on investors' mind is about the long-term viability of the sector itself.