Highlights
IT INDUSTRY AND COVID – 19
People think that covid - 19 promoted online surfing and video conferencing as a major means of communication and advancement of business and educational activities but actually the positive effect is marginal and in truth the situation is worsening with time.
Covid-19 will significantly impact the $180-billion Indian IT sector, and the impact may be worse than that of the 2008 global financial crisis (GFC), considering the US and Europe, which together account for more than two-thirds of India’s IT exports, are among the worst affected geographies by the pandemic. Clients could significantly reduce their IT spending this year
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