Valuation guru Aswath Damodaran in a recent interview said that the golden days of Indian IT firms are over and they would not be able to relive their past glories again. His reasoning hinged on the fact that other people have managed lower costs than India and the cost advantage game has ceased to exist for Indian IT. Read more at
http://www.moneycontrol.com/news/business/economy/can-a-gig-economy-come-to-the-rescue-of-the-beleaguered-it-sector-2305623.html
http://www.moneycontrol.com/news/business/economy/can-a-gig-economy-come-to-the-rescue-of-the-beleaguered-it-sector-2305623.html