The current economic recession has hardly spared any country on earth. Rich countries like
Against this background, 17th edition of NASSCOM India Leadership Forum (NILF) took place recently. There most of the big names of Indian IT industry joined and discussed what should be done at this moment. There is hardly any difference among the industry leaders that recession is really hurting the industry. The main reason behind this bad impact is that in rich and developed countries, big companies are decreasing their IT budget and investment. This scenario will not change unless the condition of those countries improves.
In the meeting, the industry leaders also discussed about Satyam Computer Scandal and they are keen to find a way that would ensure that the repetition of this kind of scandal does not happen in future. I feel that Satyam Scandal came at the worst possible time. It happened at a time when Indian government and NASSCOM should have been very busy about dealing with the global economic recession. In stead, they had to spend a lot of time and energy after the Satyam Scandal. Satyam Scandal showed the world that
Some Indian companies are taking a serious look on the domestic IT market of
With the condition of global economy becoming worse day by day, many other countries (involved in the outsourcing sector) will have to fight harder with
NASSCOM leaders are still optimistic and confident that Indian outsourcing industry is strong enough to survive the tough time. I have no doubt about it too. However, I feel that more funds should be invested for carrying out high quality research in Indian universities. Yes, it is correct that Indian companies are doing very well when it comes to outsourcing of software services or call centre. However, if you take a look at your PC then can you find even one computer program (software) that is made by an Indian company?