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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST

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From: elmatador12/28/2008 7:35:07 AM
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Not only Asian export model ended. IT outsourcing ending as well. Once all Europeans and Americans start looking for jobs, they will return to Europe and America.

Americans and Europeans priced themselves out of the market which caused outsource industry to move to where they could find service providers.

Global meltdown catches IT firms off-guard
28 Dec 2008, 1226 hrs IST, IANS
BANGALORE: After nearly a decade of uninterrupted boom, the Indian information technology industry finds the road ahead bumpy as 2008 draws to a
close, with the global meltdown and financial turmoil in the US and other rich countries catching the otherwise resilient sector off-guard.

With no signs of early revival, even the top firms - TCS, Infosys and Wipro - are bracing for hard times in the year ahead.
economictimes.indiatimes.com
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