1. Paper Presentation on and Impact on India IT Market

2. what is RECESSION ?
A Recession is a contraction phase of the business cycle.
National Bureau of Economic Research (NBER) is the official agency in charge of declaring that the economy is in a state of recession.
The financial press often uses the recessionary definition of two or more consecutive
quarters of declining Gross Domestic Product (GDP). GDP is defined as the total
market value of all final goods and services produced within the country in a given
period of time.

3. Indicators of Recession

4. IMPACT OF GLOBAL RECESSION ON INDIAN IT

5. A slowdown in the US economy is bad news for India.

• Indian companies have major outsourcing deals from the US.
• 6. India's exports to the US have also grown substantially over the years.
• 7. Indian IT companies with big tickets deals in the US would see their profit margins shrinking.

The whole of Asia would be hit by a recession as it depends on the US economy.
Asia is yet to totally decouple itself (or be independent) from the rest of the world, say experts.
Outsourcing market is suffering from the recession in whole world and India IT sector is highly dependent on outsourcing mainly 60% on US.

8. WHY INDIA FAVOURITE DESTINATION

9.

• Peoples are thinking that recession is becoming a disaster for the Indian economy but in my believe recession is actually a great time to start a new venture.
• 10. Great time to take advantage of the lack, when talent is available, resources are cheaper.
• 11. Fact whenever there is a lack people outsource more.
• 12. Western companies started viewing India as good place to outsource big research work, website development, designing work etc.
• 13. Long-term market then they can say when the recession in the US financial market come down, Indian IT and BPO/ KPO companies will be in good position to get more outsource projects from the US companies.
• 14. Recently Indian outsourcing software and web development industry have started a new strategy to compete with recession by keeping their expenses as such and higher the working time of the staff, higher the quality of out put and reduce the out put time.
• 15. Eg:- Apex Decisions (Pilot Project Strategy)