India's Outsourcing Industry Heads to Single-digit Growth

[ChromeFoundry]

Tuesday, July 14, 2009 6:50 AM PDT
India's revenue from offshore outsourcing will likely have single-digit growth in the fiscal year to March 31, 2010, the president of the country's top outsourcing trade body said.

The forecasted growth will be less than an estimated 14 percent to 16 percent growth in outsourcing exports in the year to March 31, 2009, and far lower than in the year to March 31, 2008, when growth in exports was 29 percent. Exports include services performed for customers abroad, billed in their currency, with the money brought back to India.

India's outsourcing industry has been affected by customers' delay in finalizing outsourcing budgets, and the overall slower growth of business in key markets like the U.S., said Som Mittal, president of the National Association of Software and Service Companies (Nasscom) on Tuesday.

Preliminary estimates by Nasscom suggest growth in export revenue will be between 7 percent to 12 percent, though it is more likely that it will be less than 10 percent, Mittal said.

About 60 percent of India's outsourcing exports are from the U.S., with Europe having the second largest share. The country's outsourcing industry offers software development and IT services, business process outsourcing (BPO) and engineering and design services.

http://www.pcworld.com/businesscenter/article/168370/indias_outsourcing_industry_heads_to_singledigit_growth.html

:nopity:

[BobRossi]

1. That's a start.

I've had my fill of trying to talk to "Ruby Rose" and "Sean" at Chrysler Financial.

[corpseratemedia]

2. You know why their outsourcing industry is dropping?

outsourcing!



:nopity: :nopity:

[OhioChick]

3. May I join you?

:nopity:

[santamargarita]

4. 0 is better

:think:

[Skittles]

5. they can fuck themselves