recession in Indiaimpact on IT industryimpact on Indian IT industryIn economics sense, recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by...
The largest gains came in the IT services and business process outsourcing industries, where 487,000 jobs were added last quarter India added 487,000 jobs in its IT and BPO (business process outsourcing) export industries in the quarter ended Dec. 31, despite the global recession, according ...
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Donald Trump takes office in early 2025, and experts debate whether his policies will usher in a period of economic decline or growth. Erica SandbergNov. 18, 2024 Will Trump Cause a Recession? The Treasury has set objectives for improving America's financial services – here’s what you need...
Indeed, some Indian IT services firms are now associating the impact of the coronavirus impact to that of the 2008 recession, and have expressed concerns that the outbreak could affect their financials; although, the implication of the outbreak will probably manifest itself over the next few quarte...
While the likelihood of a recession has subsided, current market factors require companies to make strategic, data-driven decisions to balance cost containment with technology modernization, resiliency, and compliance. Whether you’re under budget pressure, or you’re tuning your business for ...
“Enterprise IT spending is recession-proof as CEOs and CFOs, rather than cutting IT budgets, are increasing spending on digital business initiatives,” saidJohn-David Lovelock, Distinguished VP Analyst at Gartner. “Economic turbulence will change the context for technology investments, increasing spen...
Economic Crisis:The U.S. economy plunges into a deeprecession, marked by high unemployment, business failures, and a collapse in consumer spending. Anyone who can move their money abroad is doing so. Loss of reserve status:Foreign governments take the cue, and central banks, alarmed by the ...
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Another quiet week with retail sales on Wednesday the only notable release. The country avoided recession in the first quarter, buoyed by resilient mining and manufacturing sectors. Rolling blackouts remain a massive constraint on the economy and company profits which will remain a huge headwind go...