Is Recession Hitting Indian It Industry?

@thebigk • Oct 22, 2024

Oct 22, 2024

879

IT recession seems to be hitting the Indian IT industry. Times of India has been giving mixed news about the state of Indian IT and how it's being affected by the recession. First, there was news that the Indian software companies are hiring at a faster pace than ever before and recruiting hundreds and thousands of engineers directly from campuses. Then there'd be a news that says companies like Infosys are making employees work on weekend (Source: #-Link-Snipped-#) to meet the revenue targets. Companies like Wipro and Cognizant are making people work extra hours to complete the projects within time.

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.

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Harshad Italiya

@harshad-ukH5ww • Dec 13, 2011

Recession is hitting indian IT market news seems little true as initially one of our sister company getting 44 projects in queue but the frequency of new projects and client is decreased.
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Kaustubh Katdare

@thebigk • Dec 14, 2011

Looks like the folks from IT industry are too busy to respond. Could just be a sign of recession hitting 😉 . The value of Rupee against dollar is going down the drain; which might just be an incredibly good thing for the Indian IT industry. Why? Because they get paid in dollars and the expenses (viz. employee salary) is made in Indian rupees. Since the salaries are matched with the Industry standard every year; the companies can enjoy larger profit margins for the entire year. I however do not know how'd the companies will continue to sustain in the growing inflation. It's true that the companies are finding it harder to get new projects. I only hope that the recession does not hit the ones who have just joined the industry. I'd ideally like to see the recession hitting the top management in IT companies; if it must. The managers, everyone will agree, are paid more than what they contribute to the company.
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Harshad Italiya

@harshad-ukH5ww • Dec 14, 2011

As the indian rupees is decreasing is very bad sign for Embedded Companies as they have to order components in USD. 😉
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Kaustubh Katdare

@thebigk • Dec 14, 2011

godfather
As the indian rupees is decreasing is very bad sign for Embedded Companies as they have to order components in USD. 😉
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.
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Kaustubh Katdare

@thebigk • Dec 19, 2011

TOI'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?

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Harshad Italiya

@harshad-ukH5ww • Dec 19, 2011

The_Big_K
TOI'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?
Don't know why such a big and leading newspaper creating such confusions. 😕

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Sahithi Pallavi

@sahithi-oJZaYj • Dec 20, 2011

Yes 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 😔
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Gandalf

@gandalf-RPhbu3 • Dec 20, 2011

Sada
Yes 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 😔
But it isn't true at least for Indian IT story
They could surely face delayed payments but no recession since they work on support systems of various existing products.
They have bagged orders to fulfill and maintain for next 10 years and are at least 75-80% utilization of bench strength
Unless there is bankruptcy or close down at a top client side it is difficult to effect them

Top Clients of all indian IT cos are relatively stable to my knowledge
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Kaustubh Katdare

@thebigk • Dec 20, 2011

IT companies are just trying to keep the shareholders happy. Let's pray that recession does not hit India. In my opinion; recession is just a thought in mind.
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Sahithi Pallavi

@sahithi-oJZaYj • Dec 21, 2011

The_Big_K
IT companies are just trying to keep the shareholders happy. Let's pray that recession does not hit India.
This is very true.

Between, just to say Government is in full hiring spree now; in lots of areas!
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