This is being talked propagated more in recent times due to the current economic crisis across the globe. This is more affecting India because Indian Companies are more dependent on US/European economies for their growth. As all we know the more time we are Idle (Un billed/productive) we will be fearing the chances of firing.
Consulting/billing mode of business is not new to India but in recent times the volume has increased. Since a major portions of the Engineering students opt for IT companies which expects each of them to earn revenues for every day they are in the company puts us into lots of questions
So far every thing was good and no one thought about the flip side and were happy with heavy salaries/Onsite trips/heavy week end spendings.
But when we are into crisis many who have not had a proper plan will be running into issues. Though the impact for India can be seen only on Metros and not much on rural/Semi urban areas ,the repurcussion could be more.
I'm typing this on the election counting day in US and as every one expected Obama may win and based on his first few months of economic reforms they situation may improve.His first aim would be to bring up the economy and his Outsourcing thougts may be put back on the priority list which could help our Indian companies to breath better.
Lets hope the nexy Fisical Year helps to bring the economy back ,else our Indian economy/Itcompanies will have to show a poor 4th quarter results.
For the public/in group gatherings the finance min/Prime min can say we are fine and the same can be propagated by the CEO's/CFO's that there won't be pink slips but in reality this may not be possible and this outcome is going to be a key parameter in our 2009 General Elections
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