January 03, 2005
India's BPO Sector Still Scorching Hot
The IT industry's slump and political backlash in the U.S. has done nothing to curb the trend of outsourcing to India. CRM News reports:
While the IT industry in most of the world has been in gloom, primarily due to the global economic downturn and especially the slowdown in the IT spending in the United States, the Indian outsourcing Latest News about Outsourcing industry, aided by booming business from some of the world's leading multinationals, has emerged unscathed.
According to the National Association of Software Services Companies, the country's business process outsourcing (BPO) is growing at a scorching 45 percent as IT outsourcing as a whole has grown by over 30 percent this year, thereby increasing its share of the global pie to 2.4 percent from about 2 percent in the previous year.
Read more: India's BPO Party Continues
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