Allied Digital Services Ltd: Gaining from Dollar Appreciation!! While the global slowdown has made things difficult for India IT companies, most firms are able to increase their earnings due to appreciation of the dollar, said Nitin Shah, CMD, Allied Digital. Excerpts of the interview: Q. What has been the impact of the economic slowdown on the IT industry? How are the Indian IT companies having global operations doing currently? The economic slowdown has resulted in reduction in discretionary expenditure and capex. Decision making in sales has become slow. Indian IT companies are trying their best to retain existing clients but the acquisition of new clients is slow, due to reduction in expenditure and slowdown in the market. However, the good news is that most of the IT companies are making money, due to dollar appreciation. This is some sort of a "blessing in disguise" as earning from the same business is more (due to dollar appreciation). Q. What about ...