The fundamentals of IT sector seriously require a review. The basic premises of quality, cheap land, exemptions and cost advantage are on very thin edge and unless this is addressed, the recovery will be further delayed. The un-employability of work force and increasing inflation make the task further difficult. After automation of business processes, there is little new to be done and till now most of this new stuff has come from the west. While many companies have diversified to other businesses to offset these factors, it is not sufficient to relieve the industry. On the other hand, if we relax expecting an automatic recovery, chances of actual recovery maybe further delayed.
Re: disagree
by bakbakkarthahoon on Aug 28, 2009 04:59 PM
Yeah everybody wants to move from commercial applications development and maintenance to rocket science.
Re: disagree
by Kumar M on Aug 17, 2009 06:37 PM
Right on the spot and well said. Also dont forget increased competition from other developing countries and China. They too want a piece of the pie.
1)MODI WILL BOUNCE BACK 2)CHANDRABABU NAIDU WILL BECOME CM 3)MORE IT COMPANIES WILL PROP UP 4)NRIS COME TO INDIA AND RESIDE HERE PERMANENTLY 5 & 6 ASK GOVT
Re: Too Early to jump up and down
by Sameer Bhagwat on Aug 18, 2009 01:09 AM
Jumping up and down is good for health. Its never early or late to jump and pump.
