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US Recession is Likely to hit Global IT Industry including Indias Outsourcing Companies

May, 26th 2008
A slowdown in the United States Economy is likely to affect global Information Technology industry including Indian outsourcing companies. Indian companies have a large numbers of outsourcing deals with United States. Ongoing slowdown in United States may hamper projects as companies may spend less on information technology. Presently United States is the Indian software industry's largest market. Indian Outsourcing companies have been contributing a lot to the country's economy through huge exports earnings.