Starkly in contrast to the assertion by India’s software industry lobby group Nasscom that the Indian information technology industry is a net hirer of 150,000 people each year, several reports suggest that companies are reassessing their business prospects and preparing to lay off employees at the entry and middle levels. Almost all leading IT companies have started talking about stricter performance evaluations this year and Infosys has deferred increments by three months. This goes together with — and is no doubt a consequence of — more moderate growth expectations. It may be easy and tempting, of course, to blame this