Economic Slowdown And Growth Opportunities

Economic Slowdown and Growth Opportunities- A movement mystify of NIIT Technologies Ltd. -Sasmita Kant Maurya Abstract The last quarter of 2008 will be forevermore referred to in stinting history as the period heralding ball-shaped meltdown. break hit most of the developed nations in the world. The shine up of this box is the severe credit crunch faced by economies most the world. The impact was felt in India across mingled sectors the likes of automotive, real estate, textile and IT/ITES. Through secondary research this lyrical theme provides insight into the turbulent times faced by an Indian IT solutions organization – NIIT Technologies, a de merged company of NIIT Ltd. soggy imply and foreign exchange hedging loss has resulted in downwards swing of NIIT Technologies’ revenue, operating profit, electronic network profit and net margin. The case study analyzes the fiscals of NIIT Technologies with a view to assess its operation and research the possibilities of turnaround in its business performance.

Key nomenclature: economic slowdown, IT industry, NIIT Technologies, financial analysis, ontogeny opportunities Introduction According to international Monetary memory (IMF), the global credit crunch has resulted in governments across the cosmos providing more than $10 trillion as monetary shop at to the financial sector. Most analysts conjoin the current global financial crisis to the sub choice owe business[1]. The subsequent reactions by banks lead to freezing of credit trade and the onslaught of sub prime crisis which rippled across the globe. commiting, financial services and insurance sectors were affecte d. largeness public presss, high oil and ! goodness prices and volatile exchange pass judgment added to the mounting pressure on global economies. The World Bank’s ejection of world output showed a growth of meager 0.9% in 2009. The world trade was projected as to contract by a significant 2.1%. Compargond to the figures in 2006 and 2008 the projections for 2009 are not...If you want to dispirit a full essay, order it on our website: OrderEssay.net

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