Impact of Recession - IT Cos Vs Engineering Cos
Tags :
recession, impact, overcome, sales, challenges, easy financing, funding,
Industry :
IT Services, Industrial Products/Heavy Machinery, Construction, Chemicals, Steel, Industrial Products/Heavy Machinery, Construction, IT Services, IT Products, Power
Functional Area : India, Performance, B2B Sales, India, Equities, Business Processes, B2B Sales, Consumer Sales |
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About "Impact of Recession - IT Cos Vs Engineering Cos" topic:
Nowadays
recession has impacted nearly every industry from office to marketing,
finance to engineering, as also law, science, information technology, education
and many others.
2 trends
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on topic: "Impact of Recession - IT Cos Vs Engineering Cos"
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Let discuss the impact of Recession on IT and Engineering Industries. Which is more impacted ?
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ashwani badhwar
| Answered
| 3 years ago
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the industry which is totally dependent upon exports sales is most affected by liquid crunch.
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Shyam S.Jangid
| Answered
| 3 years ago
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I think most affected industry is BPO,manufacturing units,banking sector,realty sector.I hope recesession will be over in mid 2010.All industries are smoothly running in 2011.If govt.can make strong option so recesession will go very soon.
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Manoj
| Answered
| 3 years ago
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I beleive almost every industry who has a major revenue share in exports or dependance in foriegn markets are impacted. If you look at IT, those who are completely focussed on Indian market also impacted due to their customer who has exposure to...
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There is a minor but raging academic debate taking place over the effect of an economic downturn on your health. In the traditional view, unemployment can cause a kind of recession flu--a funk that leads to stress smoking, unhealthy comfort foods and that problematic flu remedy, alcohol. Studies have tied personal financial crises to heart disease, depression and suicide. There is, however, an unexpected counterargument. Studying decades of public health data, Christopher Ruhm of the University of North Carolina at Greensboro confirmed that a recession increases mental health problems. But he found that physical health actually improves--about a half-point decline in the death rate for ever...
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BANGALORE: Scrambling to regain double-digit growth rates and compete better with larger rivals, mid-tier software firms such as MindTree, Sasken and HP-owned MphasiS are now facing an uphill task in attracting and retaining staff, threatening to disrupt ongoing projects. For mid-tier software exporters aspiring to join the billion-dollar club, the attrition rates are already in high double digits, as bigger rivals apart from multinational firms including Accenture and Capgemini woo their staff with higher salaries. In many ways, the outsourcing recovery is making it tougher for smaller firms to retain staff. 'Post the recession, suddenly a lot of elbow room was created and employees ...
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