Indian It Industry Can Weather The Economic Slowdown

By Author: Sunil Kilaru
Total Articles: 4
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Talks about a slowdown in growth and job losses have become ubiquitous, with reports of unemployment and factory shutdowns make front page news often.
According to Sunil Kilaru, CEO of PRIMUS Global Technologies, a Bangalore based IT Services firm, slowdown India's IT sector has been an exception, and the sector will be able to weather it well.
However the question is whether this slowdown may impact IT services going forward. He also said that Indian IT firms are highly profitable and are mostly zero debt with lot of cash in their balance sheet. In addition, they also have the experience of having faced multiple downturns in the 90s and the first decade of the century.
Mr. Sunil Kilaru stated that the IT sector is also not affected by the decline in growth in the country  due to factors such non-performing assets, which has dried up the credit. This has affected the sectors that are geared towards the end-consumer such as our automotive and real estate ...
... peers, which are also one of the largest employers. For IT, revenue from the domestic market is small and does not impact them. For most IT services firms in India, revenue from India operations account for about less than 10 percent of the overall revenue.