End Of The Outsourcing Party?

The global recession has thrown a spanner into the unrelenting growth of the $60 billion Indian outsourcing industry, which, by some accounts, generates more than 5 percent of India’s gross domestic product and employs nearly two million people.

As job losses in the U.S. mount, opposition toward outsourcing, most notably to India, is gathering steam. In his first address to Congress in February, Pres. Barack Obama vowed to crack down on tax breaks for American companies that outsource jobs to India and elsewhere around the world. Click here to read complete story from littleindia.com.