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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: J. P. who wrote (8244)1/20/2003 3:37:07 PM
From: Lizzie TudorRead Replies (1) of 306849
 
This backlash is bound to grow in the coming six months and we have to find ways of dealing with it," Wipro Vice-chairman Vivek Paul said briefly, while speaking on his company's third-quarter performance.

"The outsourcing will continue and they can't stop it even if they try to lobby," says Kris Krishnakanth, the head of Headhunters India. Paul predicts that as global IT spending dwindles, "India will stand to gain" with more contracts. That, according to an IT consultant, is precisely is the worry of American jobhunters if not American companies.

Whoa, this reminds me of the attitude the japanese had in 1990. There is ample evidence that when outsourcing goes to far, vision and ingenuity stop as far as US corps are concerned (I2 an example of this). I suspect the growth rate for global IT outsourcing has already peaked.
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