IT Companies in India-Is Boom Over..??

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Re: IT Companies in India-Is Boom Over..??

#1 Postby KaranL » Wed Sep 11, 2013 9:30 am

First of all would like to share that the graph of success is not always moving upward.. There are many situations when an industry has to face ups and down.. Yes I agree the current situation of IT Industry in India is not very good & it is facing its tough time but at the same time there are many sub-industries of IT Industries which have been growing consistently and are doing fairly good.. e.g. - e-commerce , Cos selling ERP & CRM .. these sub industries are shattering the performance benchmarks created by different cos in these industries..

It would be wrong if we say that the boom is over for the IT Industry because as per me the IT Industry is its in nascent stage in India and is in the introduction stage of PLC ..

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Re: IT Companies in India-Is Boom Over..??

#2 Postby Yatin » Wed Sep 11, 2013 9:26 am

In India there was a time when everybody wants to move towards IT sector as there was Software development companies in India have grown largely over the past couple of years with major IT giants establishing their base. There was a time when the word IT was alien and everybody looked at the IT industry in awe. But today, the number of software development companies in India has increased to a number no one could have ever imagined.

Indian software development companies have already created a strong foothold for themselves in the industry. Today nobody else can think of over taking the IT boom in India. But with the growth of software development companies in India, the challenges are growing as well.

There are a lot of factors that need to be kept in mind for growth in the industry today. IT finds itself as one of the top five prioritized sectors in Indian business context. Support can be taken from the Indian government to maintain stability in the IT market. Software development is a growing sector and with the right skills, one can reach out for the stars.

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Re: IT Companies in India-Is Boom Over..??

#3 Postby siddhartha » Wed Sep 11, 2013 9:23 am

That's true that IT companies are facing hard time even the big names like HCL Infosys and all also not achving what they were suppose to but it doesn't means that their time is over... they are facing this issue because of global resession.... Nobody want to invest any money in any extra IT releted issue. They will rock again after 6 months or so once the ression time will over.... :)

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IT Companies in India-Is Boom Over..??

#4 Postby Shivani » Tue Sep 10, 2013 5:59 pm

There are many IT companies in India..but is it right they are facing tough time now-a-days, the growth charts are coming down very fast.So is the boom over for IT companies or some silver lining of hope in dark clouds is still there..??

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