Indian outsourcing companies are likely to be affected by the economic downturn in the US, an Indian trade body has warned.
Although Western companies may feel hesitant at offshoring tasks involving sensitive information to countries such as India, their fears could well be unfounded.
Industry association Nasscom has predicted that India's booming tech economy will grow around 25 percent during 2007/8, which will push revenues past the US$50 billion mark.
A security breach at international bank HSBC's offshore data-processing unit in Bangalore has led to funds being stolen from the accounts of a small number of U.K. customers.
Invest Australia, the government agency responsible for attracting investment from overseas, has defended its record in attracting offshoring investments, despite criticism from influential industry bodies including the ACS and the AIIA.
Industry association Nasscom has predicted that India's booming tech economy will grow around 25 percent during 2007/8, which will push revenues past the US$50 billion mark.
Indian tech giant Wipro's chairman and managing director, Azim Premji, on the future of the company and where the Indian outsourcing market will go next.
Invest Australia, the government agency responsible for attracting investment from overseas, has defended its record in attracting offshoring investments, despite criticism from influential industry bodies including the ACS and the AIIA.
Growing demand for offshore services in India is raising the cost of labour there, causing US firms to begin eyeing China, Romania and other options. But India has some tricks up its sleeve.
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