Indian IT vendors resorting to drastic rate cuts

Indian IT vendors are cutting the billing rates upto 40% as clients are choosy and continually pushing for cost reduction. Interesting article in Economic Times is a pointer to the prevailing business conditions. There is a hope that global economy will improve in early next year. Only time can tell.


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© Dhandapani Ammasai, 2011. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given with appropriate and specific direction to the original content.

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