RealNews

India's IT sector eyes opportunities amid global turmoil

India’s flagship outsourcing industry expects some pain from the latest global financial turmoil but insists it could emerge a winner with companies shifting more work to the country. The sector, an economic mainstay that generates 40 billion dollars in annual export revenues, traditionally views bad times as offering potential as Western companies cut costs by moving work to cheaper destinations offshore. Industry body Nasscom believes the trend will be the same this time, though it could take longer. Full Story

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