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Topic : Indian IT sector in 2010
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Will Indian IT sector return to ‘business as usual’ situation in 2010?

Created by : Radhakrishna Marar, Business Analyst, Oracle  | 01 21 2010 11:16:16 +0000
Industry : IT ServicesFunctional Area : India(Markets)
Keywords : india business recession recovery it sector
Activity:  460 views;  last activity : 07 06 2010 20:18:09 +0000

We all know what was the condition of Indian IT sector last year at this time. It was the most affected area in the recession. It was the sector which was affected the most facing a huge loss causing the job loss of thousands of employees.

Thankfully, in the first year after the global economic crisis, the information technology (IT) sector has delivered some exponential growth numbers. Most tech majors made handsome gains as overseas orders increased in number along with IT spends showing improvement. The IT sector is slowly coming out of the nightmare it faced last year. But, with the emerging of outsourcing companies in other South East Asia, India is facing a stiff competition.  So I want to ask you all whether the Indian IT sector again will return to ‘business as usual’ situation in 2010?

  
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Top Argument
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I have been working with a fortune 500 company in USA and have had opportunity to meet several clients in different vertical. It isn't a hidden fact that companies have cut down their IT expenses, therebyt resulting in loss of sales and jobs in IT centric company. There is more damage in core IT companies (software and hardware companies) compared to companies providing end user support. But this is geographical and does have latency of two quarters before it trickles down to other countries. People have witnessed unprecedented job losses in USA but companies don't stop working or the least pass on the opportunity to its competitors for lack of skill set; this has resulted in moving some, if not all, of the key positions to economical affordable BRIC block countries. Since last quarter, companies have started seeing business slowly picking up business but haven't started hiring FT. So there is flurry of contracting positions suggesting that once they pick up it will convert it to FT and move on the mundane work to BRIC. Since companies have "tasted" the profits in BRIC there seems to be inertia in reversing the trend. I am upbeat since it is win-win for India whether companies thrive or lose in USA, there is going to be considerable work in 2010 and years to come. Indian companies have to maintain their credibility and affordability image or else opportunities can slip to other countries like Phillipines, Malaysia or China.
By Nikhil Bhatt, Senior Consultant, EMC  01 29 2010 12:31:53 +0000
 
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I agree that Indian IT sector will return to its old speed but I don't think that will happen in 2010. I think this process will still take some 1-2 more years. The amount of loss IT sector has faced is huge and its not going to get fulfilled by merely 4%-7% growth. But its good that at least IT sector has recovered very fast and Iam sure it will get its old speed very soon. But it won't happen in 2010.
By Jayesh Jain, Software Developer, MS IT  01 21 2010 11:23:50 +0000
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I certainly hope so being in the Indian IT sector myself and situation also points to the same direction.. The IT Expenditure lock is being gradually lifted and projects are being awarded although with more riders than before
By Sourav Bagchi, Project Manager, Tata Consultancy Services (TCS)  | 01 29 2010 16:42:51 +0000
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yes definitely……   this year Indian IT Sector will grow up  

 
By Rajeev Kumar Jha, Head of the Department, Mangalayatan University  | 01 29 2010 12:49:23 +0000
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There is more scope for winning outsourcing deals. If you look at last two quarter client acquisition position with all IT companies in India they have won good deals. Still they expect to win a lot. US great depression will take atleast two more years to come back to development path. They need more fiscal support and need to cut cost too which is the only advantage for us. Their system will need more transparency which will business in Banking in terms of technology needs. If we look at the global economy now other than UK, US almost all countries are in recovery stage. There might be few changes in the global scenario because of China, Middle east and few other countries but still our economy is said to be better than all of these. ( Because of regulations)
By vijayr , Head/VP/GM-HR, MNC  | 01 26 2010 15:33:07 +0000
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yes surely IT sector will boom by the mid of this year
By Avin , Information Security Engineer, Maveric Systems  | 01 25 2010 15:51:11 +0000
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We will see significant growth in Indian IT sectors this year. We will see more companies out-sourcing the work to India for quick monitory gain and to keep there books under control.

I don't see any alternative in near future for the US companies except our-sourcing high tech jobs to countries like India which has very good foot print in major cities of USA in form of Wipro, TCS, Infosys, Satyam and others.
By Jugal Kishore, Team Leader -(Technical), Synova  | 01 25 2010 14:21:03 +0000
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We will see significant growth in Indian IT sectors this year. We will see more companies out-sourcing the work to India for quick monitory gain and to keep there books under control.

I don't see any alternative in near future for the US companies except our-sourcing high tech jobs to countries like India which has very good foot print in major cities of USA in form of Wipro, TCS, Infosys, Satyam and others.

 
By Jugal Kishore, Team Leader -(Technical), Synova  | 01 25 2010 14:20:31 +0000
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We will see significant growth in Indian IT sectors this year. We will see more companies out-sourcing the work to India for quick monitory gain and to keep there books under control.

I don't see any alternative in near future for the US companies except our-sourcing high tech jobs to countries like India which has very good foot print in major cities of USA in form of Wipro, TCS, Infosys, Satyam and others.
By Jugal Kishore, Team Leader -(Technical), Synova  | 01 25 2010 14:20:13 +0000
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Well ...this year will turn out to be the year of fast recovery for IT sector.....but improvement would much more drastic if IT's Key players open their gates for the  non metropolitan citiesas it will cut on cost to agreat deal........and faster returns .

Because what u call quality stuff in terms of employees..a major portion of it comes from these Non-Metro cities only.
By SAURABH THAKUR, SOFTWARE TEST ENGINEER, QA InfoTech  | 01 23 2010 06:18:20 +0000
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I agree with your comment that the IT will again boom in this because Indian IT sector mostly depend  on US. The US economy recovery .  
By SUDHIR.JAI , BCA student, MDU ROHATK  | 01 22 2010 08:41:56 +0000
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The IT sector in India has shown a very fantastic recovery after the dramatic close last year. All the IT companies are showing good percentage of growth. Industries are getting good number of projects and employees are also getting hired in the companies. I have read in newspapers that IT sector In India is to grow by 4%-7% this fiscal and is expected to attain a double-digit growth in the next fiscal starting from April 2010. So, if this trend continues, I am sure that the IT sector will again regain its old glory and return to its "usual business" in 2010.
By Radhakrishna Marar, Business Analyst, Oracle  | 01 21 2010 11:22:30 +0000
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It will, but takes time. Also Obama's plans to provide tax relaxations to companies who provide opportunities at US, this may lead to the slowdown of outsourcing....

 
By Joe Cherian, an MNC  | 01 29 2010 11:14:42 +0000
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Bailout packages have fueled the economies to show signs of recovery, but one should not forget that these bailout packages will continue for long, Governement bodies have to control inflation and Fiscal Deficit hence life if most bailouts is to be over by 2010. Industries will take time get onto their legs and once that process will start economy will actually start to revive. In my opinion people are over optimistic about 2010. Hope their optimism come true but i am afraid it will not.
By Amit Misra, Software Engineer -4 , Juniper Networks  | 01 28 2010 07:31:01 +0000
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not really it may be another year to pickup to 2007 level, in india we have heavy under current of Recession. nobody is agreed to it but it is there.
By U.S.kamath , Project Head, Core tech  | 01 27 2010 03:58:12 +0000
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IT sector will take time. But its not far away... But the growth after that will be tremendous. New avenues have emerged and the growth should be faster than the previous booms.....
By gladstone manganoori, Team Leader -(Technical), Mphasis  | 01 25 2010 04:35:26 +0000
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there is apparent great deal that indian IT will boom in 2010. but my thinking is this before talking about Indian IT lets move it globally... still today America is facing jobless people. when they boom only we can boom. bcoz we are now joining hands with them and we are not single. so there is a possibility that Indian IT boom within 2-3 years or it may go next fewer years too
By HARIHARAN , BCA student, VAISHNAVA  | 01 24 2010 05:25:43 +0000
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There was such a drastic fall in the IT sector so i dont thing a year would be enough to make a recover.

But recovery process has started to the full, so this year is year for the experience horses who are well trained.Fresher still has to face a struggling market.Most IT companies have reduced there expenses on Trainning and they r looking for the experienced employee.
By Abhyuday , Software engineer, Tripod System Pvt Ltd  | 01 22 2010 12:06:18 +0000
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