Friday, October 10, 2008

And so it begins

Infosys, the bellweather Indian IT Services firm cut its earnings outlook for the year citing uncertain demand conditions. In my last post, I talked about the possibility of dark days for Indian IT. And Infosys' guidance of negative growth for the next quarter seems to signal the beginning of just that. IIP numbers also signalled ominous trends for other sections in the economy. The world as we know it could very different by the time the global economy revives.

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