2. Economic slowdown forces Wipro to put cap on campus recruitment
-webindia
What is Recession ??
Reason for recession ..
So, gradually a huge money got involved in this business as the profit was huge . Finally non - potential buyers were unable to pay the bills and they became the lost entity of the lending institution , they recovered the asset but no one was buying them and finally situation of bankruptcy prevailed in these organization . As these institution is basic structure for nearly all the sectors a state of recession developed in whole US and Europe and gradually reached to Asian countries .
Effect of Recession on Placement in Indian Engineering colleges
Now if we think about the placement scenario of Indian Engineering colleges we should look at recession according to India's prospective . Since very few Indian banks or organization were involved in this type of practice so in this prospective , recession does not have much effect on Indian economy . But since Indian IT sector is partially being flourished by US economy and lending institution , we can't neglect it's devastating effect on Indian IT sector .
So , Conclusion is this that even people would be getting placed during campus placement there will be a huge decline qualitatively as well as quantitatively . People should try some new options or new tactics which they have presently in this tough time . People can either go for Higher studies like MBA , MS form foreign studies , but the scholarship amount has also been reduced since the time of recession in US based Universities . People can go for their own start-ups or anything like this . But the fact is that if you get a job now, even it is below your standard , don't loose it , because as recession is a temporary condition you would be much better than the people who are not opting for job , after this temporary time get over if you would be continuing the job till that time . According to the news since Indian government and even US government is trying to raise the conditions of the financial institutions or organization, this time won't last for much . I am hoping that this time soon get over so that we can again see the flourishing economic time and better placement.