Who is next

There is a growing concern about the financial market in the world with the failure of Lehman. With every passing day people keep asking who is next? No one is safe not even the great Goldman. This is evident from the recent filing by Goldman Sachs (GS). There is a huge list of companies waiting to fail and all these are happening just because of the wrong policies of the govenment where they are headquateres. I am just giving you the next possible list and merger options.

Companies for sale Companies will possibly buy it
WaMu JP Morgan
Morgan Stanley Wachovia
AIG will be dismantled and sold
Citigroup will be split into 2 or 3 entities
Goldman Sachs Will survive this turmoil may fall in next

Then there will be a question is this an end?

The answer is plain NO. This financial consolidation will only trigger further consolidation in various industries, that consolidation is detrimental to India. We in India is wholly dependent on america and there IT jobs. Indian Government is doing the same mistake that is done by these other countries where they face recession every 10th year. What will happen to Indian IT companies? Aftermath of this ripple in financial market will be felt much more in India than any other country in the world. The Indian businesses are going to shrink a lot and there will very few companies (IT) that will survive this fiasco. What as an IT employee one can expect out of this situation. Some of the so called "Gaints" will be out of business soon. Here goes my list for the IT companies

Companies up for Sale Companies that will acquire
Satyam IBM
Cap Gemini TCS
Tech Mahindra TCS
Some of the other small and mid size companies will be acquired by Infosys, HCL and Wipro which will eventually size to exists in near future to their competitors.

One of the most notable happenings that will be evident is firing or lay offs. India is going to see a huge round of layoffs in her only sector "IT". This is going to cause a huge hue and cry in India where every body who is spending with no clue of what they get. India is going to see a large amount of deliquencies in loan, credit cards etc. India has a pending financial failure starring at her face.

Lets Face it:

What do we need to do to avert this. Yes now its not late to do some thing. We need to do 2 important things first.
1. Invite more manufacturing companies to Inida. The government should give incentives to manufacturing and encourage research in manufacturing. India has a good opportunity to capitalize on manufacuring as we have leading marquees in automotive, heavy industries etc.
2. Private sector should invest in research and development instead of going behind the american gaints like Merc, Pfizer etc.

If we start an intiative now then we will be truly developed by the less than 10 years.