IT's past, present and future: Industry and people will always be important

Layoffs have nothing to do with Trump's visa stance; its impact will show after rules are framed

There has recently been a lot of angst about the Indian IT industry. The anxiety has mainly centered around two themes. First: Is the $150-billion industry, which is about 7 per cent of Indian GDP, now heading for a period of stagnation? And second: The impact of the above and other global developments such as visa restrictions on the job market for IT professionals, considering that the industry employs 4 million professionals and indirectly generates many more jobs.
 
The anxiety tends to breed cynicism, as witnessed by the response to a question in the Economic Times of May 15