Following the last US recession in 2001-02, India’s IT industry grew from strength to strength riding on the offshore outsourcing wave.
This in turn was spurred by many large US companies laying off people and moving jobs and operations to low cost locations like India. A few industry captains share their experiences on the recessionary times then and what they expect from the current uncertain times.
For expert's comments- click on
Wednesday, February 18, 2009
Saturday, November 22, 2008
Financial Turmoil, GOOD for India.
Hello friends
Reading news about Economic meltdown has become a habit for most of us, isn't it? We people are so innocent that we believe whatever crap has been written in the newspapers, without even giving it a second thought. But believe me, this is an opportunity of life time for our country to become a super power. And for god sake please do not entertain those so called expert's opinions ( who predicted the crude oil will touch $200 per barrel by this December, now the crude oil is $ 45 per barrel). So lets all use our simple business sense, and
Look at the following points:
1.Banking system of US and UK is completely messed up. People do not want to park their hard earned money in those banks. On the contrary, Indian Banking system is the most stable one. RBI is respected world over for its robust regulatory framework.
PROOF: In the last few days, NRIs and other people parked $513million in Indian banks.
2. India attracted the highest FDI($13billion) in Asia, in the last quarter.
3. All the big MNCs are setting up their R&D centre in India. Ex. Intel, IBM, and almost all pharma majors.
4. 500000 Engineers graduating from Indian universities every year, who are ready to rule the world.
And these experts are saying this is financial turmoil. Statistics has its limits, but a simple human mind can understand the situation much easily.
With regards
Sagar
Reading news about Economic meltdown has become a habit for most of us, isn't it? We people are so innocent that we believe whatever crap has been written in the newspapers, without even giving it a second thought. But believe me, this is an opportunity of life time for our country to become a super power. And for god sake please do not entertain those so called expert's opinions ( who predicted the crude oil will touch $200 per barrel by this December, now the crude oil is $ 45 per barrel). So lets all use our simple business sense, and
Look at the following points:
1.Banking system of US and UK is completely messed up. People do not want to park their hard earned money in those banks. On the contrary, Indian Banking system is the most stable one. RBI is respected world over for its robust regulatory framework.
PROOF: In the last few days, NRIs and other people parked $513million in Indian banks.
2. India attracted the highest FDI($13billion) in Asia, in the last quarter.
3. All the big MNCs are setting up their R&D centre in India. Ex. Intel, IBM, and almost all pharma majors.
4. 500000 Engineers graduating from Indian universities every year, who are ready to rule the world.
And these experts are saying this is financial turmoil. Statistics has its limits, but a simple human mind can understand the situation much easily.
With regards
Sagar
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