US downturn seen denting hardware market business With fears of US recession bearing down on technology companies, the sectors safest bets appear to be in business software, while makers of computers and consumer gadgets look vulnerable.
G7 WARNED
Be ready for more financial shocks Experts from Financial Stability Forum (FSF), warned G7 rich nations, on Saturday, that global markets could face prolonged period of adjustment following the recent credit squeeze.
French Finance Minister Christine Lagarde speaks after the finance ministers' and central bank governors' meeting of the Group of Seven (G7) in Tokyo on Saturday. AFP
Is the slowdown of the US economy going to adversely impact the IT sector in India? Is there a way the industry can still sustain its growth? We asked our readers for their opinion and suggestions.
Most agreed that IT companies were certainly going to feel the pinch, and added that it was the hiring policies of these companies that were to be blamed.
There were others who were optimistic and said all was not lost as business could be diverted to new territories.
