Infosys CEO Kris GopalaKrishnan Warns About Another Global Recession

Kaustubh Katdare · 2010-12-13T19:42:12+00:00

Infosys CEO, Mr. K. Gopalakrishnan has warned that there might be another 2008 like recession. In 2008, collapse of a bank kickstarted domino effect and got many other dependent businesses fail over a short period of time. This time, it could start somewhere in Europe. But it won't be a business but a nation that could fail and may lead to a similar domino effect. On the UK government's decision to fix a cap on the number of visas issued to skilled workers from India and other countries from April, he sounded non-critical, pointing to the high unemployment rate in that country, and said he was not surprised by the move. Do you agree with Mr. Gopalakrishnan? Share your opinion.

Infosys CEO Kris GopalaKrishnan Warns About Another Global Recession

Kaustubh Katdare
@thebigk

Updated: Oct 23, 2024

Views: 1.1K

Infosys CEO, Mr. K. Gopalakrishnan has warned that there might be another 2008 like recession. In 2008, collapse of a bank kickstarted domino effect and got many other dependent businesses fail over a short period of time.

This time, it could start somewhere in Europe. But it won't be a business but a nation that could fail and may lead to a similar domino effect. On the UK government's decision to fix a cap on the number of visas issued to skilled workers from India and other countries from April, he sounded non-critical, pointing to the high unemployment rate in that country, and said he was not surprised by the move.

Do you agree with Mr. Gopalakrishnan? Share your opinion.

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Anil Jain

Member • Dec 14, 2010

I do agree.

Infact now a days it looks like that US government is also following an unsaid Capping on the issue of VISAs from India and CHina. If we see the number of VISA request canceled this year, thr graph goes up like anything.

So as per me decision of US / UK government to apply capping on VISAs may backfire on them as well.

-CB

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Manish Goyal

Member • Dec 14, 2010

he sounded non-critical, pointing to the high unemployment rate in that country,
I didn't understand how it can lead to unemployment in that country???

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