Technology, Venture Capital, Private Equity

Perspectives from an Indian VC

Archive for March, 2008

The myth of “recession proof”

Posted by Arun Uday on March 11, 2008

It goes without saying that recessions by definition are difficult times for businesses in general. Yet, we often hear how some businesses/economies/countries are more protected from recession than others. But, on closer examination, it becomes evident that such defences from downturns are either mythical or marginal at best. The three instances of this from the recent past that readily come to my mind are: the Indian economy, Indian IT companies and Google. Many observers had till quite recently euphorically declared that all of these will not be adversely impacted by any of the weaknesses in the global economy.  The reasons offered may have been different in each case, but the conclusion was the same. However, in each of these, it seems that such enthusiasm was a little premature. Lets take each of these separately.
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