A Forrester Research report titled ‘What The Financial Crisis Means To The Tech Market’ notes that software and IT services vendors will have on average 3 to 5 % growth instead of 9 to 12 % growth they have seen earlier in 2008.
The biggest chance in the outlook is the spreading weakness to Asia Pacific and the BRIC countries. (Brazil. Russia, India & China. )
The Satyam computer services, India’s Fourth largest software and services exporter , has said it plans to hire 8k to 10k people this fiscal as against the 15k announced earlier.
– Reference : DNA oct 18.