US just escaped the crisis earlier last month. Europe has been in crisis since last few months.
The buzz of crisis has had a major impact on the Indian IT companies which recruited 49% less employees last month (compared to previous month) says a study in TOI. It also mentions that the overall hiring mode is upbeat in the country.
It also said that this may continue for a couple of months before the hiring resumes fullest!
US accounts for almost 60% of the revenues for the Indian 60 Billion$ IT industry. What if US witness double dip?
In this contrast other sectors like Auto, FMCG, banking and telecom witnessed 14% growth in recruitment compared to the previous month.
The study was conducted by MyHiringClub.Com. They surveyed 353 employers including 127 employers from IT and ITeS sector.
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