THE FUTURE OF IT SECTOR IN INDIA:

The most searched words in web search engines according to google and yahoo are about the "Global Slowdown". The Financial crisis made the U.S top Banks to tumble and made all the stock markets go awry. Bailouts and recession have topped the search keywords in 2008 rather than the "Katrina Kaif" and "Gazini". The Financial sector crisis have absolutely affected all the sectors in the country. But the most affected sector seems to be the IT sector. Even the ITES sector have survived this as it had nothing to do with recession. This made nearly 6Lakh Americans to lose their jobs and Many Indians getting pink slips or getting their joining dates delayed. Why such things are happening to the crowned IT Sector. The main reason is the Nature of their products. Mainly most of the IT companies are service oriented i.e they serve other clients. The economy of the clients mainly govern the future growth of the company. But a few are product based companies which produce of their own. These companies are the less hit compared to the other service/solutions based companies. For eg. the giant HP, Intel Fired more than the smaller ones like CSC, Honeywell. So where is the future of IT in India heading to. More and more product based companies are the need of the hour. Or the Service companies should start their own product units. Only that can save the current economic crisis scenario.