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Will 2017 be a recession year for the IT industry in India? - Quora Discussion

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Rahul Narayan Answered May 30 A2A. Well, in short  NO,  there won’t be an economic deadline in the IT industry in the next two quarters or in near future. Hence no possibility of recession. recession:  a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. Now why such speculation? Majorly due two reasons: US Trump Administration Automation I agree that there are tensions amidst these reasons, resulting in layoffs and less intakes, however that is to deal with the targets and that IT/ITES business operations are making changes in their core strategy with the vision to adept with Digitization. Software sales are expected to grow 7.2% in 2017, while IT services spending is expected to grow 4.8% in 2017. And the exponential increase in digital use in every industry will only increase th

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