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Is there really the Recession in India?

Jyoti Vaskar
Ranch Hand

Joined: Jun 30, 2009
Posts: 142
Hello everyone,

I heard that there is no recession in India. Is it true? Or is partially true? At least for IT market what is the scenario?

Can anybody say the details on this?


thanku

thanks
Jyo
Ulf Dittmer
Marshal

Joined: Mar 22, 2005
Posts: 42639
    
  65
A recession is commonly defined as two successive quarters of negative GDP growth. According to the WSJ, that's not the case for India so far, and from the look of things, not even a single quarter of negative growth is likely. That doesn't mean that jobs won't be lost, of course - some will be.


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Campbell Ritchie
Sheriff

Joined: Oct 13, 2005
Posts: 39877
    
  28
And welcome to JavaRanch
Tim Holloway
Saloon Keeper

Joined: Jun 25, 2001
Posts: 16250
    
  21

I think Jyoti is more interested in "jobs recession" than the much-argued-about US economic definition.

There certainly seem to be enough Indian Ranchers who think so, but I'll let them speak for themselves.


Customer surveys are for companies who didn't pay proper attention to begin with.
Sagar Rohankar
Ranch Hand

Joined: Feb 19, 2008
Posts: 2902
    
    1

Tim Holloway wrote:I think Jyoti is more interested in "jobs recession" than the much-argued-about US economic definition.

Yes, if this what Jyoti like to know about "Jobs Recession", then I say, Yes there is a bad time for all the IT engineers as many IT companies doing job cutting, downsizing in India. Its hard time for the freshers as well as candidates having 1-3 years of experience. You can search this forum for the similar titles.


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Jyoti Vaskar
Ranch Hand

Joined: Jun 30, 2009
Posts: 142
Sagar Rohankar wrote:
Tim Holloway wrote:I think Jyoti is more interested in "jobs recession" than the much-argued-about US economic definition.

Yes, if this what Jyoti like to know about "Jobs Recession", then I say, Yes there is a bad time for all the IT engineers as many IT companies doing job cutting, downsizing in India. Its hard time for the freshers as well as candidates having 1-3 years of experience. You can search this forum for the similar titles.


thank you,
all of you.
Jyoti Vaskar
Ranch Hand

Joined: Jun 30, 2009
Posts: 142
Jyoti Vaskar wrote:
Sagar Rohankar wrote:
Tim Holloway wrote:I think Jyoti is more interested in "jobs recession" than the much-argued-about US economic definition.

Yes, if this what Jyoti like to know about "Jobs Recession", then I say, Yes there is a bad time for all the IT engineers as many IT companies doing job cutting, downsizing in India. Its hard time for the freshers as well as candidates having 1-3 years of experience. You can search this forum for the similar titles.


thank you,
all of you.


So if Ill say that I am not on the job since 1 year due to recession!

Will companies from India believe?
Sandeep Awasthi
Ranch Hand

Joined: Oct 23, 2003
Posts: 597
People started loosing jobs due to recession is from Nov/Dec 2008. It also depends on which last company you worked for. Few companies are in fact hiring though they are very few.


Sandeep
Ananth Chellathurai
Ranch Hand

Joined: Nov 21, 2007
Posts: 349

Hi Jyoti,

I think one year is pretty long without job. And it is not as bad in India as US. Whats your experience?


Ananth Chellathurai [Walk on software]
Damodar Mukhopadhyay
Ranch Hand

Joined: Jan 15, 2007
Posts: 98

Lotz of my friends I know who are job less, in IT and other fields

One good thing is that companies are started hiring...


SCJP 1.5, SCWCD 1.4, SCBCD 5.0, next SCDJWS...
Jyoti Vaskar
Ranch Hand

Joined: Jun 30, 2009
Posts: 142
Ananth Chellathurai wrote:Hi Jyoti,

I think one year is pretty long without job. And it is not as bad in India as US. Whats your experience?


thank you Ananth for your reply

Yes 1 year is pretty long .

I have worked for 2 years in IT but in that 1 year in Java & another one in Testing.

As my interest lies in Java I want to go for the same.
I’m trying for SCJP now.
So how is the scope for the job?

kindly reply.

thank you
Damodar Mukhopadhyay
Ranch Hand

Joined: Jan 15, 2007
Posts: 98
SCJP is a great option... You will learn a lot...
Dont memorize... try to understand and practice a lot.
Sagar Rohankar
Ranch Hand

Joined: Feb 19, 2008
Posts: 2902
    
    1

Jyoti Vaskar wrote:
I’m trying for SCJP now.
So how is the scope for the job?

Its been debated many times, Read this thread:
http://www.coderanch.com/t/451024/Jobs-Discussion/careers/What-your-take-Java-JEE
 
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subject: Is there really the Recession in India?