Recession Impact: How Hard Are the IT and Mechanical Sectors Hit?

What is the percentage of recession impact on the following sectors?

1. Mechanical sector
2. IT sector

Good Evening Sir,

With reference to your query, one cannot determine the percentage of precipitation that has taken place due to recession, especially in a specific industry, i.e., Mechanical/IT. The precipitation will vary in each nation.

If you still have issues relating to the same, kindly email at "h.duggal09@gmail.com".

Respects & Regards,
Hansjeet

Okay, fine. If it's not possible to determine it specifically, at least can you give me an insight into which of the two sectors that I have mentioned has been hit by the recession the most? Give me the details according to the global trends and also by Indian trends.

Dear Anish,

Yours is neither a simple question nor of a few minutes to reply. Whosoever would try to reply to your question will have to specifically compile a great deal of data from various sources. Moreover, you will also not be satisfied with partially baked information, where you will simply be wasting time waiting for a few replies.

IT IS THEREFORE ADVISED TO TRY MAKING YOUR OWN RESEARCH.

With best wishes,

P S Dhingra
Vigilance & Management Consultant
Dhingra Consultancy Group
New Delhi

dcgroup2006@gmail.com

Good Evening,

Though the recession brought dark clouds over the most developed economies, India experienced ripple effects of the same.

We won't be going into much detail as it may become technical.

Firstly, taking the IT Sector as a base in India:

1. Growth will occur at less than the last three years' CGPA (31%), but software exports may touch $60 billion in the 2009-10 fiscal year according to a McKinsey report.

2. ITES has been affected; India's outsourcing industry has been cut in size, coupled with lower revenue, job loss, and lower salary hikes.

3. There have been some problems in the automobile industry as well. TATA Motors had to face challenges; it acquired JLR, and with the launch of the NANO, there have been some financial issues.

4. There have been a lot of job losses in IT, as India serves as the hub for IT companies from abroad.

Taking the global economy as a base:

1. Recently, there has been news of GM filing for bankruptcy (please do research, I'm not sure).

2. As people were left with less or no money, the retail sector was paralyzed, and industries had to suffer a lot.

If you still require more information, then one should analyze the macroeconomic factors affecting a business.

Hope this meets your needs.

More queries are welcomed.

Respects & Regards,

Hansjeet