So Is There A Recession Going On?

People love to talk about recession and a general slow-down in the IT industry. Whenever companies reduce the pace of hiring, people think we're going through recession. There can be several reasons a company may not hire with the same rate as they did last year but that may not be an indicator of recession.

Companies give out mixed signals in the media - for whatever reasons; the most prominent being keeping shareholder's confidence and interest in the company. Major IT companies would release a statement that they're going to hire several thousand employees in this financial year and after two-three weeks they'd say they're expecting a slack time in recruitments.

So, the question is - do you think there's a recession going on in India and other countries? Posted in: #Coffee Room

Point blank to the face the scenario is much similar to the one we had in the early 2008 before the BIG CRASH (as I call it ). But the scenario is yet to be confirmed officially

But if events are compared to those in the early 2008 I would say a recession is looming around the corner

It's not recession as much as uncertainty because of which people/industry is sitting tight on cash.