Oct
2008
The Indian Scenario after the Financial Crisis in USA and Europe
Poisted by : WebGuru Under : Outsourcing 3 CommentsThe outsourcing industry is one of fastest growing business in India and it is not only generating billions of revenue but also providing employment opportunities to millions of people. But incidents of economic slowdown and financial crisis in the global market may pose a threat to the outsourcing industry in India. The cost-effective rates in India have kept this business steadily rising and it is way ahead of its competitors due to the same reason.
The present economic turmoil in the global market has send rippling effects to the Indian economic market as well. May be the magnitude of the turmoil is not as severe as in the markets of USA and UK but the after effects are touching the outsourcing industry and may be felt gradually.
Besides the KPOs and BPOs of India, even the small and medium sized companies will be affected by the financial situation outside the country. As most of the business comes from the financial institutions and banks of US, these firms will not be spared from the effects.
When the Indian IT companies are partly dependent on the European market to boost their growth, the fiscal condition of the major financial institutions in UK has enhanced their concern. A gradual slowdown in the European market was anticipated when government decided to aid some of the financial institutions of Europe. This slowdown will evidently affect revenue generation of the major IT companies of India. Continue reading ‘The Indian Scenario after the Financial Crisis in USA and Europe’ »


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