An Empirical Study on the Financial Soundness of Information Technology Industry in India Using Z Score Model

Abstract

Indian IT industry is prevalent worldwide for its service quality and reliability. The global financial crisis hits this sector harder than any one, especially an industry heavily exposed to offshore markets. Many IT finns in India still repairing its budgets to recover their injury from the 2008-09 crisis. This research work will examine the financial performance of Indian IT sector during post-recession period. The study reveals that almost all companies under study recovered their fmancial loss from recession.