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Sunday, July 10, 2005

The Cost of Outsourcing

The Financial Express reports:
Indian IT services market grew 26.7% year-on-year in 2004 to touch $2.1 billion and is poised to rise to $5.3 billion by 2009, according to a new research report issued by Gartner. The report sees emerging markets such as India and China as the main engines of growth across the region in the next few years.

[snip]

There is a heightened urgency among large US companies in outsourcing work to India, Phaneesh Murthy, chief executive officer, iGate Global Solutions Ltd, said. According to him, EDS, Capgemini, Accenture and Bearing-point top the list of US companies who continue to show interest in outsourcing work to India.

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