Industry Fortunes

FolksFor all of us in IT it does look like happy days are here again - well almost !The volume of business is increasing steadily from all markets but the decline of the dollar does not bode well for the future of the industry.Its going to be an interesting three months in the third quarter !Gan...

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Indian IT - At a crossroads

Friends We have been through a difficult month of August. The bill introduced by Senator Schumer and passed into law this month imposes an additional fee on every new visa and visa renewal application by companies who have less than fifty percent Americans in their workforce in the United States. By itself the additional financial burden does not make any significant dent on the profitability of Indian firms operating in the country, particularly when many of us have a predominantly offshore delivery model and are in the process of localizing...

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India shining ?

Hi folksA spectacular Jan-Mar quarter performance for the country and a growth rate for last year which has been higher than all expectations at 7.4 %. Is our country on a roll ?Before we succumb to excessive hubris let us not forget that there is still a long way to go - in Education Skils Development and of course Infrastructure, before we can really feel good about our country !And what of Indian IT and BPO ? The Euro is a worrying factor and the dangers of a double dip recession still exist. Time to be watchful !Gan...

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The year that was and will be

Hi friends, So a year of turmoil ends - with a quiet optimism for most global economies and a sense of satisfaction for  firms in the IT industry that we have weathered the storm well and strengthened our resolve and capabilities to achieve double digit growth numbers in the coming financial year. All markets are opening up and the IT budgets of key clients are increasing with particular focus on offshore outsourcing - good news for most of the indian IT and BPO firms. Howvere we expect to see attrition rear its ugly head again and...

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