Study: India's outsourcing industry continues to boom

[Renew Deal]

India's software and services exports revenue up 30.5 percent over last year

By John Ribeiro, IDG News Service June 03, 2004

BANGALORE, INDIA -- Despite protests in Europe and the U.S. against outsourcing and the moving of jobs to India, the country's software services and business process outsourcing (BPO) services business is booming, according to data released Thursday by the National Association of Software and Service Companies (NASSCOM) in Delhi.

India's software and services exports business recorded revenue of $12.5 billion in the year to March 31, up by 30.5 percent over revenue of $9.6 billion in the previous fiscal year, according to NASSCOM. The revenue figures include billings by Indian outsourcers and wholly owned software development and BPO operations in India of multinational companies.

The U.S. and U.K. markets accounted for about 85 percent of revenue, NASSCOM said.

"Despite the challenges such as slow growth of IT spending globally, a jobless recovery in major markets and appreciation of the Indian rupee (against the U.S. dollar), the Indian software and services industry has been able to maintain its growth momentum and consolidate its partnership with overseas customers, adding to their competitiveness," said Jerry Rao, chairman of NASSCOM.
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http://www.infoworld.com/article/04/06/03/HNindiaboom_1.html

[candy]

1. You do not want to get me started on this subject,-----

it will ruin your weekend,and mine.

[library_max]

2. Just wait until the economy in India gets good enough

for the service workers to demand a higher wage. Then watch all those jobs suddenly disappear, moved somewhere else where the labor is even cheaper.