Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here.
According to The Hackett Group, the traditional model of US and European companies moving finance, IT, and other business services jobs offshore will reach the end of its lifecycle over the next 8-10 years, and US and European companies will simply run out of jobs which can be moved offshore to locations like India.
The Hackett Group's offshoring research, examined 4,700 companies with annual revenue over $1 billion and headquartered in the US and Europe. It found that by 2016, a total of 2.3 million jobs in finance, IT, procurement and HR will have moved offshore. Click here to read more.
Thursday, March 22, 2012
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india is headed into recession in next 2 years
ReplyDeletereasons
1. inflation
2. policy crippling by politics
3. trade deficit
4. large debts in corporates
5. The tax payers money is being looted in Air india & BSNL
6. No Foreign investment
7. No infrastructure growth plans by government
I hate India & Indians as i'm an Indian. Everything Controversial & Corruption. Useless Politicians & Useless Govt. Servants.All are looting indian Tax payers money. Its been difficult to change the people of India. They are just Dumbs....
ReplyDeleteYou keep your mouth shut stupid politicans are everywhere looting not only in india and in big developed countries too.
ReplyDeleteSecondly indians are not dumbs u stupid there is not a single project which not only take stinct action from indian from idea to development you stupid.
First think and then say.
The only think If indian will start asking for 40-50$ for projects insist of 15-30$ then only i think you all will understand importance of an indians.