No IT Affect from Dubai Trouble
- Posted on 02 Dec 2009, Computer Info (India)
Recent Dubai economic crisis has jolted the world economy in a big way. Even the economy of China gets affected from this major fallout of reality giant Dubai World.
No one has even thought that soon after in current post recession this debacle will create another concern over worldwide economy. But definitely, Indian economy has not been impacted as investors have shown enormous faith, as stock market still holds that momentum.
When we talk about Indian IT market, the consumption level is yet the same and there is no panic at all among IT players. One of the big reasons I think that inflow in Indian IT market is because of the Dubai. I guess Gold Jwellery market will affect a bit because Dubai imports it from India. Indian investor has shown much confidence which will lead to smooth passage of Dubai trouble.