synopsis on it sector

8/3/2019 SYNOPSIS on It Sector

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SYNOPSIS

OF

RESEARCH PROJECT

ON

IMPACT OF $US FLUCTUATION

ON

INDIAN IT SECTOR INDICES

Supervised By: Submitted By:

Nitika Sodhi Sachin Goyal

(Assistant Professor) Roll No. 08/10

MBA (III Sem)

UNIVERSITY BUSINESS SCHOOL

PANJAB UNIVERSITY REGIONAL CENTRE

LUDHIANA


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INTRODUCTION

$US

The united states dollar (sign: $; code: usd) is the official currency of the united

states of america. The u.s. Dollar is normally abbreviated as the dollar sign, $,

or as usd or us$ to distinguish it from other dollar-denominated currencies and

from others that use the $ symbol. ..

Impact of dollar fluctuations on the Indian economyUntil the 70s and 80s india aimed at to be self-reliant by concentrating more onimports and allowing very little exports to cover import costs. However, this

could not last long because the oil price rise in the 1970s and 80s created a biggap in indias balance of payment. Balance of payment (bop) of any country isthe balance resulting from the flow of payments/receipts between an individual

country and all other countries as a result of import/exports happening betweenan individual country, in our case india and rest of the world. This gap widenedduring iraqs attempt to take over kuwait. Thereafter, exports also contributed to

foreign reserve along with foreign direct investment into the indian economyand reduced the bop gap

Indian rupee appreciation against dollar impacted heavily to the following:

1. Exporters2. Importers3. Foreign investors


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INDIAN IT SECTOR

The information technology (IT) industry has increased its contribution to the

country's GDP from 1.2 per cent in 1997-98 to 5.2 per cent in 2006-07,according to a Nasscom-Deloitte study. The report, titled Indian IT Industry:

Impacting the Economy and Society, further says that export earnings in 2007-

08 will hit $40 billion, a growth of 36%.Meanwhile, direct employment is

expected to be 2 million in 2007-08, growing at a CAGR of 26 per cent in the

last decade. The report, while bringing forth the contribution of the IT/ITeS

sector, points out that the industry has been the trigger for many 'firsts' and has

contributed not only to unleashing the hitherto untapped entrepreneurial

potential of the middle class but also taking Indian excellence to the global

market.


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TEN TOP COMPANIES NAME AND SHARE PRICE RATE AT

28-09-2011

CORE Education & Tec A 294.40 296.75 -2.35 -0.79

Financial Technolog. A 805.85 827.75 -21.90 -2.65

HCL Technologies A 405.80 392.65 +13.15 +3.35

Infosys A 2,474.85 2,446.00 +28.85 +1.18

MphasiS Ltd. A 340.90 333.90 +7.00 +2.10

Oracle Financial Ser A 1,907.85 1,928.25 -20.40 -1.06

Patni Computer Sys A 290.25 295.50 -5.25 -1.78

Tata Consultancy A 1,048.15 1,038.25 +9.90 +0.95

Tech Mahindra Ltd. A 581.55 610.20 -28.65 -4.70

Wipro Ltd A 346.90 348.45 -1.55 -0.44


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