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Indian outsourcing feels credit-crunch squeeze
Indian outsourcing companies are likely to be affected by the economic downturn in the U.S., an Indian trade body has warned.
The National Association of Software and Service Companies (Nasscom) said on Tuesday that the continuing "turmoil" in the U.S. financial markets would be likely to have a negative effect on Indian business process outsourcing (BPO) contracts, in the short term.
"The Indian IT-BPO sector is an integral part of the global ecosystem and is likely to be impacted in the short-term (two to three quarters), as clients become cautious in their discretionary spending and … Read more
