This might come as a big surprise to many but then while the entire world is reeling under recession, there is news that the IT giant Infosys has rolled out a fresh set of appointment letters. Yes, they are recruiting!!! While no one really knows as to how this is happening, what matters is it has definitely brought about a cheer amongst many and those who got the letter are definitely on cloud nine.
While this is being looked at as a rather great achievement, it must be said that our nation which is so deeply drowned in the fangs of corruption and bribes has been able to sustain well to the market threats. While this is on, the US market which is the hub for causing such great ripples in our country seems to have begun its measures on a more stringent level to discourage H1B visa workers.
In this process, the recent 'Stimulus Bill' that has been passed has turned out to be a nail hit on the head not just for the IT companies in India but also for those in the US who have been taking the assistance of Indian technical support for their projects. Apparently, as per the new law, the Congress has passed a resolution to all those banks and firms that have been given the bail out money to stop taking any foreign workers.
This would mean that a total of a whopping one lakh aspiring professionals who want to make it to the dollar land would be barred from entering. This move has been causing quite dismay since many of the firms in India and US have been putting in repeated pleas to increase the quota of the H1 B visas from the past few months. Now, the experts are saying that this move could well be proving costly for the firms here since this has barred the entry of some of the finest talent available in the world.
Many companies in the US have been slashing down their workforce on a daily basis and things have become quite critical not just for the existing Indian families but also for those who have gone there in the recent one or two years before the actual heat of recession has struck. Bogged down by financial commitments and the loans that they have raised, they seem to be in a stalemate situation unable to leave the US and at the same time not being able to survive there.
What the future holds in store for this sort of situation is yet to be perceived but then with a move such as the one by Infosys, it has been proved that there is a ray of hope that still exists. There are those who say that the SAP market is still going strong and has not been affected greatly. Let us hope that things get back to normal soon so that the world gets to be a better place to live in.
On a whole, it can be concluded that as of now the most unaffected areas by recession are SAP, Media and Infosys. And indeed, Astrologers and Psychiatrists have improved their business to ten times.
