Update: This was a PuneTech April Fools’ Day prank. See this post for the full story.
There is plenty of anecdotal evidence that we are in the midst of a major recession, and it is having a significant effect on the Indian software industry. Now there are hard numbers giving an exact idea of how much the recession is expected to affect the software industry in different cities in India, and the results are interesting, to say the least.
This video is a sensationalized/misquoted version of this news item. Please read this whole article before viewing the video. Click here if the video is not visible.
INHR Associates, a Noida-based human resources consulting company, conducted a survey of over 400 CEOs, CFOs, heads of business units and other executives with P&L responsibilities from 250 software companies across 10 cities in India to get their estimates of the impact of the recession on their business in 2009.