Joyeeta Biswas looks at Obama’s new policy initiatives on curbing outsourcing:
Linked by kuffir. Join Blogbharti facebook group.And even at one fifth of the salary of the American workers, Indian workers in the IT and BPO services still account for 5-7% of India’s GDP, bringing about a huge impact on cities such as Bangalore, the centre of the industry. Needless to say, losing this source of income would be a crippling blow to the Indian economy, which is why the Indian media reacted with righteous – if somewhat premature – goggle-eyed horror at Obama’s stated intentions.
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