Is Indian IT industry heading for a slowdown
There has been hope by the Indian industries to maintain its growth for the year 2012 thought there haws been uncertainty. In-spite of the economic uncertainty around the world and the raising economic concerns the IT industry in developing countries. The economic uncertainty and the fallout of the sovereign debt crisis in Europe has still raised the concerns in the economic growth. The software services will help to keep up the momentum of growth and more offerings will be seen in exports and in domestic markets.
The uncertainty may mainly be due to the uncertainty which is arising due to the economic crisis of Euro states the Nasscom. While speaking about the market conditions which was not tough as the year 2008 and 2010 and global meltdown reduced the growth. The global meltdown has mainly one of the reasons for the industry growth reducing into single digit number and continued the same. The software exports will generate a good amount especially through the software exports and in the domestic sales which is in favourable.
There has been cautious among the investors as the concerns of the euro crisis is in raise though the crisis may have opposite result. Only when the major IT companies will announce the results during the third quarter we will know the growth for the next year. There has been a sharp depreciation seen in US dollar and Indian rupee and will be improving in the operating margins and profitability. The export firms has seen a anticipatory losses and in the hedge-hing at the higher price over the ever-growing uncertainty of the market.
