Indian IT major may avoid layoff during recession by focusing on Asian market

During last couple of months, there has been a lot of fear among the IT workers in India. Some of the major companies have either layoff some of the staff or have decelerated the hiring rate. Though it is not clear whether the US is heading towards recession but the companies and the analysts are expecting this for some time now. If any recession comes, Indian IT companies may suffer for short term because companies in the west will cut IT spending on new projects to cut cost. I am of the view that they cannot stop IT spending for long time because IT is backbone for the companies to compete in the fast changing global economy.
During this time IT companies should look at the Asian market that they always ignore. Indian and Chinese market is booming and IT spending is considerably higher these days. If the companies get some work in the home market to compensate for the losses in the western market that will be great. Wipro recently got multimillion dollar project from one of the major retailer. This internal focus will give good backing to fight any fluctuations in the international market.