Is India’s IT sector a ticking time bomb

IT Index collapsed by 4% yesterday as it continues to struggle

From 2 years ago:
- Salary Hikes: 15% down to 5%
- Revenue Growth: 19% down to 3%
- Hiring: Down 60%
- Headcount: Reduced for 1st time in 20 years

IT is a ticking economic time bomb, 8% of GDP, huge worry for India more  

Its worrying situation, agreed. Global economy is making worysome future more  
Ms Sheha Goyal ji Who listens to citizens and voters in iNDIA After sending proofs for justice - seeking - does it come in fixed time frame ? You are from the privilaged section of society probably ? You have used a unusual word  no doubt ?  How can you help us? Yours etc RG Noida  On Thursday 19 September, 2024 at 05:21:16 pm IST, Sneha Goyal wrote: more  
World Bank has opined that the development in India should be Labour intensive. It is true also as that will improve the jobless Malady situation which is talked about so much. more  
really IT is in bad shape but economic activity/AI comes well, it should bounce back. more  
I can not imagine this to happen all of a sudden. more  
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