Indian Information Technology industry- fueling the recession

[getnitin15]

It is a well known fact that about 30% of the world's software engineers are Indians. In the times of recession Indian IT industry has been hit badly as revenues were sourced from outside India. Due to a large employment base this has fueled the fire of recession in India. Frequent job cuts and no pay increases have made it difficult to cope with rising inflation. The IT fraternity needs to rebuild and face this with valor

[ferdousx]

The reason for India's good time is now the reason for their bad time. A Country like India is not fully automated. But it has a huge number of computer professionals. Another good number of people are engaged in the communication centers. They mostly depend on outsourcing. So, no wonder the recession around the world affect them also. But, cheer up. the world is getting out from the bad time. hopefully India will overcome the situation shortly.

[janwei]

Especialy if you consider that It-Service i.e. the development of Software architecture is an investment good. Trade in these kind of products is very volatile and react early to changes in economic climate, meaning in a boom they out-perform other industries by far, whereas in a downturn they get hit the hardest and they get hit first.

[Padalda]

The most well known Indian IT industries named Satyam and Wipro are the examples of recession in IT industry. About 80 thousand engineers were fade out to their homes by the IT companies in India and thus lead to unemployment.