Did Recession improve work culture in indian firms?

Despite the recession, most Indian IT companies have made more revenues and profits per employee this year than they did during the same time last year. The last 12 months seems to have been a period of reining in costs, managing foreign exchange volatility and cranking up utilization rates. Considering the total number of employees may not be accurate, as it would include those from BPO/products, support staff and also those on the bench. Per capita revenues derived from effort man-months are accurate.

Deals are primarily outcome-based and do not require linear deployment of manpower. When work moves offshore, it's an overall positive while revenue may be impacted in the short term. When utilization, or employees being gainfully billed, is lower, the per-employee revenues and profits tend to fall. Now a days, growth in the consulting part of any business, in addition to its focus on high-end of BPO and KPO segments, by inference, is tending to provide high returns with fewer people, compared to mass contact centre businesses.

So friends, do you think that the recession has improved the work culture in Indian firms?