Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs


Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs!!

It appears that Global/United States recession and painful economic slowdown affects are heading towards India now. India economic situation which is supposed to be in under control till now will remain in control during this global economics hard hitting period I just hope. Our government did bail out few industries earlier and now it seems like that our Pride IT & ITES industries also needs some bailout packages in coming days.

Yesterday Yahoo.com reported that Over 50,000 IT professionals in the country may lose their jobs over the next six months as the situation in the sector is expected to worsen due to the impact of global economic meltdown on the export-driven industry, a forecast by a union of IT Enabled Services warned.

Read Full Story Here…

I just hope this Global recession is not going to affect adversely Indian industries and we will be able to get out of this economic crunch and job losses things sooner and in a much better way. Keeping Finger Cross

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