India may gain 10 million jobs from outsourcing
BLOOMBERG NEWS
10/07/2006
New Delhi — India may be able to create more than 10 million new jobs in five years from the global outsourcing business, the country's Prime Minister Manmohan Singh said Thursday.
India accounts for about half the $40 billion in work that is sent overseas mainly by U.S. and European companies each year, providing jobs to 1.3 million people, according to India's National Association of Software and Service Companies.
Microsoft Corp., IBM Corp. and local software companies such as Tata Consultancy Services Ltd. are hiring more in India to manage back-office operations and develop software programs for U.S. companies.
Singh forecast that by 2010, Indian companies could get half the $110 billion of business that will be off-shored. That will create more than 10 million jobs and boost growth in the country's $775 billion economy by one percentage point each year, he said.
LinkHere
10/07/2006
New Delhi — India may be able to create more than 10 million new jobs in five years from the global outsourcing business, the country's Prime Minister Manmohan Singh said Thursday.
India accounts for about half the $40 billion in work that is sent overseas mainly by U.S. and European companies each year, providing jobs to 1.3 million people, according to India's National Association of Software and Service Companies.
Microsoft Corp., IBM Corp. and local software companies such as Tata Consultancy Services Ltd. are hiring more in India to manage back-office operations and develop software programs for U.S. companies.
Singh forecast that by 2010, Indian companies could get half the $110 billion of business that will be off-shored. That will create more than 10 million jobs and boost growth in the country's $775 billion economy by one percentage point each year, he said.
LinkHere
posted by Kangaroo Brisbane Australia at 5:45 AM
0 Comments:
Post a Comment
<< Home