September 23, 2004
Unctad: Developed Nations Benefit More from Outsourcing
The United Nations Conference on Trade and Development (Unctad) says that developed nations such as the United States benefit more from outsourcing than do developing nations such as India.
According to newkerala.com:
The report said during the past decade, India's export of software and other services jumped from less than $500 million to $12 billion in 2003-04 and the export intensity of its software sector rose from 58 percent to 78 percent.
The share of these services in the country's total exports also rose from a mere three percent to 21 percent between 1996 and 2004.
The report, nevertheless, said that information technology-enabled services (ITES) emerged as an increasingly important component in the country's export basket, rising from $600 million in 1999-2000 to $3.6 billion in 2003-04.
Read more: Developed nations gain more from outsourcing, says Unctad
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