Will the Economic Recession in USA hits software people in India?

August 27, 2011 8:35am CST
Hi, Is there any chance that there will be a hit for software people in India. Last time also it was huge sending sending so many software people to home. Is there any way to stop it, If it is going to happen?
1 response
@lampar (7591)
• United States
31 Aug 11
I am sure the economic recession in U.S will impact in somw way on India's software industry, but it doubt it is going to be a big impact, since India's software industry doesn't just export their software and services to U.S, there are other markets around the globe doing well for Indian software companies even though U.S may be facing economy contraction or stall. THose that are heavily depend on U.S export only will suffer the most in their annual revenue if U.S continue to have lackluster economic growth.