Throughout the past half decade, the gradual decline of the United States' economy has acted as a great leveler for many countries throughout the world. Huge amounts of investments were directed at the major information technology companies in the United States and Japan from all over the globe, particularly from developing countries like India, Pakistan and Bangladesh.
No one could have imagined that the stock prices of so many heavyweights in the information technology field would see such a slump—one of comparable magnitude to that seen at the time of the bursting of the ‘Dot Com’ bubble. There was a heated discussion regarding what shares to buy and what shares to sell throughout the Indian region, as many Indian investors had shares in companies like Google, Microsoft and Apple, to name just a few. All this changed with the economic downturn in America and the European Union.
As hundreds upon hundreds of European Banks declined and ultimately became bankrupt, the discussion about what shares to buy and what shares to sell became as heated as ever, as there were predictions about which company would hold its position and remain unaffected by the slump.
As far as India’s future IT implications are concerned, the trend of investing in shares of all the heavyweights has stayed mostly the same, irrespective of the current economic climate. There has been a keen interest towards buying Google shares, as this organization has found quite a lot of its talent in India, therefore gaining investors’ trust and reliance. In spite of all the discussion, it is accepted that in case of a major split in the EU, there will be a massive plunge for the major IT players both in India and throughout the world. There has been an enormous effort by the EU totryandsurvive through the negative curve of the economic cycle; now we’ll see which side of the fence they end up on.