US Economic Slowdown and its Challenges To the Indian
An Avasant White Paper by Dr. P.K. Mukherji, Managing Partner, Avasant India and
Amit K Singh, Partner, Avasant United States
After 5 years of sustained growth, when the Indian outsourcing industry witnessed revenue growth in excess of 30% Year-On-Year, the IT firms were the cynosure of the stock market. But in 2007, shares of Indian IT firms fell to become among the worst performers in a booming local market, hurt by concerns over the impact of a slowdown in the US, rising local wages and an appreciating currency. The once red-hot sector that employs some two million workers is showing signs of strains.
However, the leaders in the industry are not sitting back. A series of strategies are on the anvil to minimize the impact of such challenges. In our view, this difficult period will help the industry become more mature and develop more innovative delivery & profitability models.
Complete White Paper