2011 Recession : Cloud could be positive for Indian IT SMEs

With the Standard & Poor’s downgraded its credit rating of US, the world’s largest economy, to ‘AA+’ from ‘AAA’ triggering fresh fears about the overall health of global economy, It is widely speculated that a turbulent US market may be a trouble for the Indian IT outsourcing sector, for which the US market accounts for close to 60% of revenues.

Economictimes (ET) has published its perspectives on  how another recession may affect the IT sector.

By Sankar Nagarajan, 10 August 2011, 0 comments. Categories: Adoption, Economy, Enterprise, Government, Industry.