Recession good for Indian IT ?

http://in.biz.yahoo.com/090303/50/6zjb9.html

There has always been 2 sides of this argument.... with recession US companies would look for cost cutting and outsource work to indian companies.... the other is, with recession US companies would like to help their economy by trying to increase jobs locally.... both makes business sense.... unless the economy recovers their company can't grow (you can't grow by cutting costs forever) so they have to hire local people more and help their consumer spending .... and the other, during these tough times you have cut costs so you outsource to cheaper countries.... some companies might the first approach and others second.... and basically they average out and we should not see any significant changes in indian outsourcing industry