![Kaustubh](https://www.crazyengineers.com/img/avatar.jpg)
Member • Dec 13, 2011
Is Recession Hitting Indian It Industry?
I believe this reporting is creating confusion. I'd like to ask people who're working in the Indian IT industry to share their thoughts about recession hitting Indian IT.
Member • Dec 13, 2011
Member • Dec 13, 2011
Administrator • Dec 14, 2011
Member • Dec 14, 2011
Administrator • Dec 14, 2011
Yeah indeed. The export & import industries are affected. The declining value of rupee is always going to be a 'problem' for the economy as a whole.godfatherAs the indian rupees is decreasing is very bad sign for Embedded Companies as they have to order components in USD. 😉
Administrator • Dec 19, 2011
Member • Dec 19, 2011
Don't know why such a big and leading newspaper creating such confusions. 😕The_Big_KTOI's confused news paper. They've been publishing news only to create sensation. Take a look at recent example: #-Link-Snipped-#
The article says that the IT industry will create 250,000 jobs in 2012. Then there is a news that IT companies are asking employees to work for longer hours to meet the growing client demands & crunched budget in the unstable economy. What's the 'real' news? Does anyone know?
Member • Dec 20, 2011
Member • Dec 20, 2011
But it isn't true at least for Indian IT storySadaYes that's very true. Recession started again. No Vacancies at all and No call letters yet. But they are saying Recession can not reach India 😔
Administrator • Dec 20, 2011
Member • Dec 21, 2011
This is very true.The_Big_KIT companies are just trying to keep the shareholders happy. Let's pray that recession does not hit India.