Vebbler’s Shahil Bhagat on impact of rupee crash on IT industry

2nd September 2013 | By Mouseworld Now Correspondent |

Vebbler's-Shahil-BhagatWith the devaluation of the Indian rupee against the US dollar, there has been an upheaveal in the entire Indian business world. IT industry being the face of business excellence in India has also been party to the fiscal commotion. To record the perspectives of the poster-boys of Indian IT on the vital issue, Mouseworld Now has started this series.

In this part, Mr. Sahil Bhagat, Founder-vebbler.com has expressed his expert comments on the vital issue facing the IT industry because of the rupee devaluation in the international market. Here are the edited excerpts…

“The falling rupee has definitely impacted consumer and enterprise startups in India, especially those who have purchased servers from USA. As a startup, our resources are anyway limited, and this increasing crisis has disrupted the budgets and plans we had set side for the next few months.”

 

© Mouseworld Now News Service

 

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