Keeping The Economy Strong
Of course, it’s not the United States economy…
Rather, it’s India’s. Yep, that’s right, our outsourcing habit is really growing India’s economy. According to this article on AustalianIT, “Indian software company Wipro third-quarter net profit jumped 19 per cent from a year earlier to a record 2.74 billion rupees ($78 million)” and “Infosys, India’s second-largest software services exporter, reported last week third-quarter net profit jumped a better-than-expected 28 percent to 3.3 billion rupees ($91.3 million)”. But, you say, that could be due to any of thousands of market forces, right? Well, not according to the article. The article claims that Wipro is “…one of many software companies benefiting from a trend by US and European companies seeking to cut costs by outsourcing jobs to India to take advantage of a large, cheap pool of English-speaking graduates. ”
I think anyone who reads my blog on a regular basis is smart enough to draw their own conclusions about this. Instead of making further comment, I’ll just ask a question. If you’re an IT professional, how’s your personal economy these days? Could you have used some of that revenue?
Think about it.
