“Most probably we will be going to campuses in January after we assess the situation. Since there is a slowdown and if the situation improves, we will be going to campuses,” Infosys CEO and Managing Director S Gopalakrishnan told reporters on the sidelines of a CII conference here.

About 18,000 candidates, selected from various campuses across the country last year, will soon join the company, he said.

Normally, the IT industry goes for campus recruitments a year in advance and this year due to slowdown, this process has been delayed, Gopalakrishnan, who is also CII Southern Region Deputy Chairman, said.

“There are signs of recovery in India, which is still a fast growing economy, while unemployment rates in the US are still going up. We believe by 2010 we will see the benefits. All factors point that the worst is behind us. If the trend continues, and with government stimulus package, recovery will start,” he said.

On the decision of the US Government to restrict outsourcing, he said it was a cause for concern. The industry is trying to monitor the situation and work with the Government and industry associations like the CII and NASSCOM, he said.

Asked if the IT industry would focus on other markets, he said, “Our best markets will continue to be the US and Europe

Infosys Technologies Limited, the Software Major said that the 18,000 students to whom the have made the offer, from various Engineering colleges across the country would join the company in July 2009.

The company predicts there were very few layoffs in IT companies but the situation would become worse if the recession lasted for a longer period and they hope, this bad period will be over by 2010 and in the worst case by 2014.
The Indian currency is depreciating continuously since last year which is good for these companies. Last year the IT Industry grew by 33 % and this year NASSCOM has predicted the IT growth to be 10-15%.