Abstract
Abstract: The major effect of the COVID-19 pandemic and ongoing conflicts, including in Ukraine, has had a negative impact on the lives of ordinary people, notably in developing countries, with rocketing commodity and energy prices and interruptions in worldwide logistics related supply chains. As a result, it affected the US economy and plunged it into recession. This paper investigates the effects of the US recession on the Indian IT industry and e-commerce business. Also, this paper deals with the current scenario of the Indian IT Industry.
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