Asia Sentinel

Asia Sentinel

US slowdown hits India’s IT sector

Our Correspondent
Aug 19, 2008
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The US slowdown has battered India’s software giants, with companies freezing wages and cutting increments, slowing hiring and even handing out pink slips, putting the brakes on – although not stopping – a heretofore seemingly unstoppable upward trend in the country’s most glamorous industry.

“There is a fair amount of pain in the US,” said Azim Premji, …

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