Latest in Indian IT, what next?

- moved from blog 'Life Movie Fun'

Inflation is everywhere, not only in India but in whole world. US is on verge of recession or some say that it has already started from last year end. Many other countries are also in similar financial condition. Anyway who cares about rest of world when problem is around us, so what actually going to happen to India?Will living cost keep on increasing and now a days high earning software people will actually look like same middle class of yesterday? Most of them have taken loans to fulfill their dreams - house loan, car loan, personal loan, education loan, credit cards, salary advance... long list? ha..So what would happen if recession is actually hit India as well.

Economic cycle says that a bad country recession occurs every 8-10 years. When is the last time it had happen in india.. 2001 or 2000.. that was a bad time.. and that too for IT industry. India is too much looking for these IT companies to bring money inside country. But has anyone thought that actually these companies are standing on a very ..very very risky concept of an industry?

How does an Industry work? It has resources and it has market. It utilizes resources and sell in market and whoa.. money is produced.. Lets see an IT company for it. It has resources.. (ya we have a big population). a lot of it. where is the market then.. In India? 'No'. In Asia? 'No' ..

It is Mostly US (which is already in recession) or Europe (which is also not in very good shape). So if both market are not at all in our control and in bad shape, why there will be a chance to India. Because India offer cheap solutions and that would help them reduce cost.. good point. but is recession cured by reducing cost?No.

Recession is reduced by controlling money flow within country and providing chance to internal industry to keep growing. Stopping outside hands to take away money from country. So what is going to happen? Will India stop getting more work from US/Europe till they recover? What will happen to Indian IT? Will they be able to survive till then? Where this man power will go if they are not needed for all this time?These are few questions which can bring slepless night to any of our IT guy.. so What next?