India's Outsourcing Exports at US$50 Billion

[OhioChick]

Feb 4, 2010 6:10 am

India's revenue from exports of IT and BPO (business process outsourcing) services is likely to grow 5.5 percent to US$49.7 billion in the Indian fiscal year to March 31, 2010, according to estimates released Thursday by the country's National Association of Software and Service Companies (Nasscom).

The revenue figure includes exports by Indian outsourcers as well as by Indian services and software development subsidiaries of multinational companies including Microsoft, Dell, and Oracle.

Nasscom has forecast higher revenue growth in the range of 13 to 15 percent from IT and BPO exports in the next fiscal year to March 31, 2011.

India has emerged as a key supplier of IT and BPO services to customers in the U.S., U.K., and other markets. Its business was however hit in the fiscal year to March 31, 2010 by the recession in some of these economies.

The growth rate of 5.5 percent estimated by Nasscom for the year ending March 31, 2010 is far lower than the 16 percent estimated by Nasscom for the previous year. The 2009 figure is still an estimate as the results of Satyam Computer Services, a large Indian outsourcer, are still being re-stated, after a financial scandal at the company.

Top Indian outsourcing companies like Tata Consultancy Services (TCS), Infosys Technologies, and Wipro said in January that they were seeing an improvement in demand for their services from customers in key markets, including the U.S.

More: http://www.pcworld.com/article/188514/indias_outsourcing_exports_at_us50_billion.html

[RUMMYisFROSTED]

1. Good for them.

[Lerkfish]

5. yup, good for them and bad for the american worker

all that money could have been recirculated in our own economy if companies were penalized for outsourcing.

[OhioChick]

6. You're absolutely right. n/t

[sasquatch]

7. Shh, you'll upset the invisable hand God and we will surely suffer

[NoNothing]

2. India deserves a seat on the security council n/t

[Hello_Kitty]

3. The DU Cheap Labor Lobby is quick, I see. eom

[sasquatch]

4. Ellos quieren slavs

[ChromeFoundry]

8. Yep. Right on cue. n/t