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  • So Is There A Recession Going On?

    Kaustubh Katdare

    Administrator

    Updated: Oct 26, 2024
    Views: 1.0K
    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?
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  • Jeffrey Arulraj

    MemberMar 18, 2013

    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
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  • Anand Tamariya

    MemberMar 22, 2013

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