Contracts survey says US recession good for Indian IT

[OhioChick]

Friday, 18 April , 2008, 13:02

For all those despairing over the prospects for the Indian information technology (IT) industry here is some good news: the bad news in the US is good news for IT outsourcing, particularly for Indian companies.

Technology Partners International, Inc (TPI), the world's largest outsourcing advisory firm has confirmed there are good times ahead for Indian IT vendors despite softening of IT spending in the US and the Americas in general.

Based on an analysis of the first quarter 2008, (calendar), and the previous six months, TPI which tracks commercial contracts valued over $25 million, said "Tougher economic climate brings opportunity for the outsourcing industry to have a defining year".

More than ever, companies are looking to their outsourcing service providers to deliver variability in costs and lower overall expense.

http://sify.com/finance/fullstory.php?id=14651982

[Demeter]

1. The Bad US News Is a Direct Consequence of Good India News

Let's not mix up cause and effect here.