IT Recession-Another look

Dear friends,
Honeymoon days are over. Back to reality.It has been a practice in india (especially South india and Hyderabad in particular), to concentrate only on boom and follow the crowd.
Current impact cannot be really called as IT recession but it is global in nature.As of Today the total job losses in India are around 7 Lacs and IT has only 10% of that(around 70k).If you really consider indian companies (not including the MNCs), this will drastically comes down to 20k .

Of course Satyam Started adding to the same now as they declared 10k employees redundant.
There are real serious problems in India in s/w market. If we look at the real statistics
IT ocntributes 7-10% of GDP , added direct 20 lac and indirect 80 lac employment .Close to 60 billinon USD imports which make economy real worry free.
People/Employers started exploiting the situation in lot of ways
Income Tax benefits , Governemnt support in assignng land etc...Even small companies without a vision started playing with this.People who are not s/w professionals but purely from business front joined the race.Started increasing the salaries , and pay structure, not looking for employee background , not bothering about loyalty and behavioural trust.

It is the game of opportunity.Emploees too started exploiting it to their favour by shifting companies every six months without botheirng about current organization , there is no centralized mechanism to keep all these things on track. Now we are worried about our kids not getting jobs in IT industry and blame obama for everything.

uNFORTUNATELY THOUGH, Copanies started using current recession to their favour to play unethical games and torturing employees(or taking revenge on them) through rigid rules and conditions(Once upon a time s/w companies used to provide lot of freedom and flexibility to employees)