The McKinsey survey says that 83 per cent Indian executives polled felt the US recession would negatively impact the Indian economy and business, and 74 per cent felt it would have a negative impact on their industry and business. Fifty-five per cent Indians polled felt that there have been significant increases in the links between the Indian and US economies in the last three years.When most of your I.T. industry is geared towards outsourcing, what ails America will eventually ail India.
Sunday, April 6, 2008
US Recession Coming To India?
According to The Hindustan Times, Indians are concerned about the U.S. economy: