A little less desperate
I recently spoke with administrators at the Career Services office of a major US engineering university, and asked about the differences they saw between this year and the previous year.
"Well, students seem a little less desperate this year. They're more thoughtful in their internship and job searches, and won't necessarily throw themselves at anything and everything."
This is good news! While their might be fewer applications, the students who do apply for internships with Infosys will have thought through the decision, and have consciously decided that they want to be here.
This brings up another question: how should employers screen for candidates who are simply desperate to find a job, and will jump ship once the economy picks up? Take advantage of hot talent but not to the company's detriment.