Effect of dollar implosion on Offshore Recruitment Process Outsourcing?
In view of implosion of the dollar still going on (some people says a recession has begun, so the relevant question is to ask when the recovery will begin) I have a few queries popping up in my mind.
What will be the future of service industry which is major dependent on US industry?
1. What kind of effect it will leave on Offshore Recruitment Process Outsourcing?
2. Are the major US corporates still want to continue with the RPO drive they started?
3. What will be the future of oRPO (especially US dependent) if the implosion continues?
Software Development & Consulting Industry:
4. What kind of effect it will leave on Offshore Development Centers and R&D centers?
5. Are the major US corporates still want to continue with the cost reduction drive they started?
6. What will be the future of Indian / US software industry (especially US dependent) if the implosion continues?
Can any one share their analysis on the future market trend???
Satya C. N.
- Swaminathan PLv 51 decade agoFavorite Answer
absolutely there is no cause for worry
people are guided by cautious approach.
without service (ITES) industry MNC cannot survive.
more so as far as IT industries are concerned.
when you work with IT industry - you should better guide than be guided.
IT requirement everyday increasing - e.g INTEL, IBM CISCO and other hardware corporates every day upgrade the performance - SOFTWARE corporates like Oracle, SAP, Peoplesoft, Microsoft, Open License sources upgrading their base every minute
corporates needs to upgrade their IT infrastructure
is it no so?
then why should worry.
as far as services are concerned you are ahead of others - do you agree.
listen NASCOM what they are saying - you will get confidence.
economy is a cycle - US dollars will gain its original strength in another 6 months time
OPEC cannot continue to hold Gold - USD is a trading currency - and there is going to be huge demand for USD in another 6 months - crude prices likely to touch against USD 80 per barrel after April 2008.
GOOD DAYS ARE AHEAD - let us relax.