Monday, February 2, 2009

Recession sentiment in India

On a recent trip to India, it seems to be the question on most people's minds - I almost inevitably got asked the question about how I was faring with the recession and whether things are as bad as they hear on the news in the US and Europe. There is some degree of optimism there though - they expect the trend toward cutting costs and offshoring will continue - this will certainly benefit the Indian industry.

This is despite the recent setbacks with Satyam fraud debacle which will no doubt increase suspicion on dealing with the third world, particularly when handing over core corporate processes to them.