I guess if there is a recession in the US , countries like India and China will be hit badly since India services export is dependant on US and chinas Manufacturing exports are dependant on US consumers. India will be hit badly and there are subtle hints in the SW sector already with projects being hard to find.
RE:if US catches cold India will get fever
by praveen ramachandran on Dec 10, 2007 04:23 PM Permalink
I totally agree. Companies like Infosys totally depends on the US market for its revenue, in-turn employment. When India boasts of its IT and services sector, it basically is only a byproduct of the US economy at majority. India must strive to be a self sufficient economy to avoid any nasty falls.
RE:if US catches cold India will get fever
by ramjane on Dec 10, 2007 05:24 PM Permalink
Absolotly wrong..indian export is not at all depents on US, this is the only reason , our stock market is not affecting even though US market gets south direction. We are not only exporting US but also other countries too.
RE:if US catches cold India will get fever
by Krishna Karedla on Dec 10, 2007 04:50 PM Permalink
But for Infosys - the changing business model - the GLOBAL DELIVERY MODEL - will sail them through, According to Mr. Mohandas pai, what has changed is the business model - and there is no change in business. The global delivery model is in its third phase.
RE:if US catches cold India will get fever
by manish singh on Dec 10, 2007 05:50 PM Permalink
reasearch should be the moto...providing services is also good but its not resilient in bad time ...india's main aim should be to do reasearch and develope own product(true for software und other industry also)...just make other depended on us....as these first world country do
