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TRUMP AND BREXIT SIDE EFFECTS NASSCOM LOWERS IT GROWTH FORECAST TO 8-10% DECISION-MAKING IS LIKELY TO BECOME PAINFULLY SLOW

 
 
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TRUMP AND BREXIT SIDE EFFECTS NASSCOM LOWERS IT GROWTH FORECAST TO 8-10% DECISION-MAKING IS LIKELY TO BECOME PAINFULLY SLOW
by System Administrator - Thursday, 17 November 2016, 3:54 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : IT industry body Nasscom has lowered the growth forecast for the $160-billion Indian IT industry to 8%-10% (in constant currency) for 2016-17, from 10%-12% that it provided at the beginning of the financial year. Nasscom president R Chandrasekhar reportedly said the unexpected outcomes in the Brexit vote and the US presidential election had created a lot of uncertainty, resulting in delayed decision-making and deferment of IT spends. "The softness in the BFSI (banking, financial services & insurance) space on account of US interest rates not hardening as expected added to the uncertainty," he said. Tom Reuner, MD of HfS Research, said with Brexit and the US elections, the world is entering a phase of strong macro headwinds. "Brexit preparations appear to be a mess and there is no point in trying to second guess Donald Trump. Thus, given the deteriorating uncertainty, decision-making is likely to become painfully slow. However, this is intertwined with the broader transition to the as-a-service economy," he said.

Reportedly Students seeking to join the IT industry should ideally pursue engineering branches such as information technology, information science, computer science, computer engineering, electronics, electronics & communication, and electronics & telecommunication. Applicants should have scored 60% and above marks in class X, XII and at the graduation level and possess good English verbal and written communication skills. Every candidate comes to an interview with a certain level of preparedness. Recruitment teams challenge this preparedness and evaluate candidates on their spontaneity, logic, ability and applied thinking. Interviewees are expected to display their thinking and analytical capabilities. Students are also assessed on their communication and soft skills.Applicants should be confident and honest. During the interview, candidates should display sound subject knowledge, be willing to step outside theory and be solution-oriented in their thought process. Capgemini is a multinational IT services and consulting company with over 93,000 employees in India. Reportedly The organisation has been ranked as a top IT services companies in India by Nasscom this year and provides fresh graduates opportunities in various sec tors, geographies and technologies. New joinees can expect to work in a high growth and diverse work environment with exposure to global customer facing and onshore roles early in their career.