June 03, 2005
India Seeks WTO Regulation to Protect Outsourcing
In an indication that outsourcing is becoming an ever more integral component of the Indian economy, the country is now seeking World Trade Organization protection against a western backlash against outsourcing. In recent years a flurry of US congressional proposals have attempted to limit outsourcing with an aim towards preventing domestic job loss. These efforts have raised serious concerns in India, that their economic future resides in the hands of western public opinion regarding outsourcing. In an effort to limit the potential for such changes, the Indian Government is attempting to force the US to lock in current legislation regarding the ability of domestic companies to outsource peripheral and some core competencies. Express India Reports:
We are very concerned with the US binding the current situation because all these noises just keep coming," Nath told reporters after a speech to the US-India Business Council. "The issue needs to be once and for all put behind us."
Read More: India wants WTO protection from outsourcing bans
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