How recession is affecting Desi IT cos
Though the software industry body Nasscom projected 21-24 per cent revenue growth rate for this fiscal as against 28 per cent in 2007-08, analysts fear the annual growth could decline to 15 per cent by the end of the fiscal — the lowest in a decade.
That is 86%. Only 17-21% is expected in Brazil.
http://infotech.indiatimes.com/quickiearticleshow/3907178.cms
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