India: Still Strong

Filed in archive Outsourcing News on October 4, 2007

If you ever thought that India is slipping behind the outsourcing growth in the world, think again.

India is still on top of its game considering that there are a lot of threats in outsourcing namely other outsourcing destinations. Based on this news article entitled India still rolling in the outsourcing money ...but spiralling costs need to be contained, it explained the status of outsourcing in India.

One memorable quote from this articles states that:
"While the Indian outsourcing market remains exceptional, the outsourcing industry is left with a preponderance of US dollar revenue - with local spending remaining denominated in rupees. One of the challenges India is facing is that white collar salaries are increasing rapidly - and they are paid in rupees. Costs are set to rise dramatically in the short to medium term."

Any thoughts?