1. Paper Presentation on and Impact on India IT
Market
2. what is RECESSION ?
A Recession is a contraction phase of the business cycle.
National Bureau of Economic Research (NBER) is the official agency
in charge of declaring that the economy is in a state of
recession.
The financial press often uses the recessionary definition of two
or more consecutive
quarters of declining Gross Domestic Product (GDP). GDP is defined
as the total
market value of all final goods and services produced within the
country in a given
period of time.
3. Indicators of Recession
4. IMPACT OF GLOBAL RECESSION ON INDIAN IT
5. A slowdown in the US economy is bad news for India.
Indian companies have major outsourcing deals from the US.
6. India's exports to the US have also grown substantially over
the years.
7. Indian IT companies with big tickets deals in the US would
see their profit margins shrinking.
The whole of Asia would be hit by a recession as it depends on the
US economy.
Asia is yet to totally decouple itself (or be independent) from the
rest of the world, say experts.
Outsourcing market is suffering from the recession in whole world
and India IT sector is highly dependent on outsourcing mainly 60%
on US.
8. WHY INDIA FAVOURITE DESTINATION
9.
Peoples are thinking that recession is becoming a disaster for
the Indian economy but in my believe recession is actually a great
time to start a new venture.
10. Great time to take advantage of the lack, when talent is
available, resources are cheaper.
11. Fact whenever there is a lack people outsource more.
12. Western companies started viewing India as good place to
outsource big research work, website development, designing work
etc.
13. Long-term market then they can say when the recession in
the US financial market come down, Indian IT and BPO/ KPO companies
will be in good position to get more outsource projects from the US
companies.
14. Recently Indian outsourcing software and web development
industry have started a new strategy to compete with recession by
keeping their expenses as such and higher the working time of the
staff, higher the quality of out put and reduce the out put
time.