On Sat, Jan 31, 2009 at 2:20 PM, Zubin Wadia <[email protected]> wrote:
> Raghu,
>
> That's the 12 Trillion $ question. I honestly don't know the answer. These
> are unprecedented times.
>
> Also, keep in mind that "downturn" in the IT industry is only subjective.
>
> Out here in the US:
>
> - Healthcare IT is going to get serious investment from the Government for
> Electronic Health Records.
> - Government Agencies are going to see = or better budgets in 2009-2010 for
> IT spending because it is understood that IT is beneficial to running a
> more
> efficient operation.
> - GreenTech will continue to move along - smart power grid management
> systems, solar power, battery technology - all are getting healthy
> investment.
>
> If you look at India specifically, you will notice that companies like
> Citigroup and Sony are either selling their BPO units or outsourcing their
> technology operations. Sony will be outsourcing $100M in contracts this
> year
> alone - TCS is in the running for them from what I have read. Add GE, Citi,
> BritTelecom, Nokia and BankOfAmerica to that pile and you are looking at
> $4BN. That's not insignificant.
>
> Additionally, in the event TCS/Infosys/Wipro/HCL/Cognizant/Satyam start to
> really feel the pinch - the right thing to do would be for the Government
> of
> India to step in and leverage their excess capacity and skills to
> fast-track
> some public service projects. There are no shortage of aspects IT can
> improve for India. Cloud Infrastructure for a billion person constituency?
> I
> like the sound of that.
>
> So, yes, the news is overwhelmingly negative - but the media loves to do
> that. The reality is that our industry is trimming the fat and "leaning"
> out
> their operations. The day you see 50,000 person companies shrink to 10,000
> person companies that then merge or get acquired - is the day you really
> should panic. Fortunately, I don't see that day in the near future because
> IT remains essential.
>
> Cheers,
>
> Zubin.
>
>
>
Thanks,Zubin
For your valuable analysis !!!
as far as my knowledge goes we should remain optimistic hoping for the
better
and what about CTS ??
Raghu
[Non-text portions of this message have been removed]
