IT declines

"The Indian IT industry growth slows down" is the current buzz. As the US and Europe take steps to retain their IT jobs on shore instead of depriving their population of these jobs and sending them off shore to India, even large Indian companies such as the TCS and Infosys have recorded shrinking profits from the outsourced IT services they provide to foreign companies. As a result, many outsourced service providing companies have begun to deal in Big Data and in software programming instead to compensate for their profit loss.