US must recover
History reveals that the cycle of change is something which has been the only constant. Everything else has undergone change and will continue to do so.
United States has seen its days of chaos during their war of independence and then the bloody civil war before they could see the glory and greatness. Those who earned the glory and greatness for United States showed the world a path of prosperity and happiness. While world saw their glory and greatness, the hard work gone behind that was not noticed as much even by the people of USA.
“ Indian IT industry today rides on US economy “
It just took a generation to forget the hard work and struggle to life of high expenses and low productivity. It is evident that the cycle of change is moving and USA might lose its number one status.
One thing however should not be forgotten that this country has exceptional power to fight out any odds. We just have to see, when and how that happens. If this does not happen soon, globally, we will see most of the economies go down. This is therefore in the interest of the world to see that US comes back and continues to be the leader.
Indian IT industry today rides on US economy. It was this industry which fueled educational and job market boom in India. Entire economy moved up to such an extent that India is amongst top global economies now. If this industry slows down, we will see a crisis situation in India too.
The only way to get a win-win situation is to encourage establishing of captive companies for US multinationals in India by which India retains jobs inspire of slowdown and US companies get lower cost resources without any compromise.
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