IT boom going bust now, says space scientist G Madhavan Nair

IT boom going bust now, says space scientist G Madhavan Nair

He opined that big ‘desi’ companies should focus on Indian scenario and tap the "phenomenal" domestic market which is bigger than European or American one. HYDERABAD: Eminent space scientist G Madhavan Nair said today the IT boom is going bust with increasing automation leading to shrinking employment opportunities for freshers even as he favoured Indian companies focussing on creation of high end jobs and the domestic market.

The former Indian Space Research Organisation chairman said he had mentioned a couple of years ago that the so-called IT boom would go bust and "that is the phenomena we are now seeing".

"The […]

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