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US Slowdown Hits India's IT Sector Hard

Economic slump adds challenge for industry pondering next steps

By Jim O'Neill,  Newser User

Posted Aug 20, 2008 10:00 AM CDT

(Newser) – The credit crunch that has shifted the US economy into neutral has slowed the growth of India’s tech sector, which once boasted growth rates of 40% in the overall strong economy, the Wall Street Journal reports. The slowdown comes as the sector faces increasing...   Read full story »

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