Kumari Palany & Co

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CURFEW affects Indian software sector: the impact of loss to last 6 months!

Posted on: 13/Apr/2020 2:41:14 PM
With the imposition of the lockdown throughout the country for rather a long period of 21 days, that too with the likelihood of being extended further, it is gathered that even the sector of Indian Software has been affected severely with substantial loss of business!

It has been estimated that the impact of the lockdown creating a slowdown in the software sector may be up to 6 months.

With the current lockdown imposition and the subsequent ‘work from home’ arrangement, a situation has arisen where the progress of the projects with the software industry will be affected severely and could not be completed on time.

With 55% of all Information Technology Sector industries located in the USA, all the states in the United States of America have been given ‘Red Alert’!

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