| r a write-up on Computer Partners "India's software | | | | management consulting firm McKinsey & Co. and |
| and services exports are estimated to grow by 32 | | | | NASSCOM was upbeat about the prospects for |
| percent to US$23.4 billion" in the fiscal year ending | | | | India's outsourcing industry. India can sustain its global |
| March 31, according to data released Thursday by the | | | | leadership position in offshoring, and grow its IT and |
| National Association of Software and Service | | | | BPO industries at an annual rate of over 25 percent to |
| Companies (NASSCOM). | | | | generate export revenues of about $60 billion in 2010, |
| IT services, including software development, are | | | | the report said. Some keywords related to this are : |
| expected to contribute $13.2 billion to exports in the | | | | Outsourcing software development to India, |
| current fiscal year, while business process outsourcing | | | | outsourcing software industry, it outsourcing India, |
| (BPO) and call centers are likely to contribute $6.3 | | | | application development outsourcing, outsourcing India, |
| billion, according to NASSCOM in Delhi. Engineering | | | | offshore outsourcing to India |
| services, research and development (R&D) | | | | Off-shoring / Outsourcing is an in the face reality of |
| services, and product development work are | | | | the 21st century, but fewer than 200,000 American |
| expected to contribute another $3.9 billion. | | | | jobs lost to India in a presidential election year |
| The total Indian software and services industry, | | | | experiencing a low job growth has proven highly |
| including sales to the domestic market, is estimated to | | | | controversial. Yet, more and more stock market |
| grow during the fiscal year by about 31 percent to | | | | analysis to computer software development and |
| US$29.5 billion. | | | | troubleshooting service jobs are being off-shored / |
| Employment in the country's software and services | | | | outsourced by US companies to India and other |
| sector is likely to reach 1.3 million by March 31, | | | | low-wage countries. Clearly, it makes economic sense |
| according to NASSCOM, of which about 922,000 are | | | | to pay middle-class salaries rangingfrom $2,000 to |
| employed in the export sector. | | | | $7,000 a year in these countries, opposed to paying |
| India's outsourcing industry is riding a boom in | | | | the same amount per month for the same work in |
| outsourcing. A report released in December by | | | | USA. |