Tuesday, February 17, 2009

'IT industry facing unprecedented crisis'

That was a headline in Indian Express today. The quote was acribed to Nandan Nilekani of Infosys. I read on to see what was meant. Nilkeani is quoted as saying:

....the compounded growth rate was 30 per cent and more and now it is reduced to 20 per cent due to economic slowdown.
Well, I guess that's the sort of 'crisis' most industries would love to have!

I do not, by the way, wish to understate the impact of a slowdown of this magnitude on the jobs market in India, especially the impact on the fresh crop of graduates from engineering colleges this year.

3 comments:

zuko said...

Sir,
Is this not an auto-correction to the exponentially degrading quality of engineering/technical output of the Indian education bubble?

Radhika said...

Season's Greetings from everyone at www.naukriforwomen.com (The First Website Only For Women Jobs)
We are glad to inform to you that the launch of www.naukriforwomen.com is LIVE NOW.

Please drop us an email or call if you need any assistance.

Best Regards,
Radhika.
info@naukriforwomen.com
91-9937744403

Radhika said...

We are glad to inform to you that the launch of www.naukriforwomen.com is LIVE NOW.
The first and most valid benefit that will accrue to job seekers on www.naukriforwomen.com is that there will be no male competitors. This means that more than half of the competition has already been eliminated!