hey is IT field started to fall down?

I do not think that IT in India is crumbling. But, there is a transformation happening in the industry. For long, IT has been the sunshine industry where in there were too many rags to riches stories. Now IT is shaping into a proper industry and would soom fall in line with other industrys growth. All the double digit growth is now slowly expected to come down to single digit growth. But, still the working standards and living standards of an IT professional would be higher than other industries at least for some more time to come.

As per analysts IT companies in India might witness single digit growth figures starting anywhere from 3-5 years down the line. Meanwhile employees are supposed to see single digit growth starting probably next year or so.

Cheers!
Ram

IT field will never have its fall. it is in a dormant stage. it is due to a lot of reasons
1. rising inflation in india(12.1%) and also in US(5.6% their highest in 28 years )
2. decrease in the value of rupee. it reduced from a ever best 39.8 in january to 44 at present.
3. further IT companies are waiting for the presidential election in USA since obama said that there will major changes in policies and preferences should be given to their citizens in MNC's

These all reasons accumulates together and slowed down the IT machinery a bit, but it will gear up to its full speed in a couple of months