September 14, 2004
India software boom predicted to grow
There's a whole political debate about this issue. Do you support America by keeping jobs here, or do you support America by giving consumers lower prices and having things done in other countries?
Reuters writes BANGALORE, India (Reuters) -- India's software exports are on track to grow by 30 percent in the year to March 2005, despite attempts in the key U.S. market to discourage outsourcing and protect jobs, the industry's head said on Monday.
India's information technology sector and business process outsourcing -- or BPO -- industries, which offer back office and call center services, logged exports worth $12.5 billion in the 2003-2004 fiscal year.
Nearly 25 percent of the exports that involved 800,000 workers come from the top three companies in the sector: Tata Consultancy Services Ltd, Infosys Technologies Ltd and Wipro Ltd.
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