Comments on: Impact of US Financial crisis on Indian Outsourcing Industry

By: Suyati

Suyati — Sat, 25 Sep 2010 07:27:53 +0000

Thanks for sharing your insights! Indeed the Indian outsourcing industry went through a critical phase during US Financial crisis period. The period witnessed some opportunities as well. I believe that was great time to invest in innovation - to change the DNA of the industry which is still rooted in the dot.com era. Companies were busy with layoffs as the global demand went down for the Indian outsourcing services.

By: Growth of Knowledge Process Outsourcing (KPO) | Outsource Portfolio

Growth of Knowledge Process Outsourcing (KPO) | Outsource Portfolio — Sun, 17 May 2009 12:44:45 +0000

[...] course the current US financial crisis may slow-down the KPO work on this category, but once the dust settles and the US economy comes out [...]

By: Mohan

Mohan — Wed, 25 Mar 2009 23:03:54 +0000

To be quite open, nobody knows when the recession will end. This is not a periodic downturn in the business cycle, but a fundamental depression comparable to the 1929-1933 depression which ended with WW 2 and the reconstruction efforts in Europe and Japan after the war.

As for the Indian BPOs, the reality they have to face is that, the outsourcing is taking place at a time of shrinking economies – the BPOs will operate to cut costs, but not stimulate expansion- . What will the engine of growth be out of the recession – no one knows, least of all the USA or its mainstream economists.

By: KPO services

KPO services — Sat, 07 Mar 2009 09:36:56 +0000

Good article and helpful….
Regards,
http://www.saibposervices.com/Knowledge_process_Outsourcing_services.aspx
KPO services

By: Growth of Legal Process Outsourcing | Outsource Portfolio

Growth of Legal Process Outsourcing | Outsource Portfolio — Fri, 06 Feb 2009 02:39:01 +0000

[...] the global recession is hitting hard on several companies including offshore outsource vendors, LPO market is reaping all the benefits as the companies want to cut down cost by outsourcing their [...]

By: Can Indian Outsource biggies thrive in global recession? | Outsource Portfolio

Thu, 08 Jan 2009 00:43:30 +0000

[...] to fight the recession. The recession started in US now widened to the entire world impacted Indian outsource companies significantly and they are struggling to maintain their reduced growth targets for this [...]

By: Promodh

Promodh — Wed, 07 Jan 2009 08:38:28 +0000

Good article.

By: Slowdown marks major engagement, delivery, and price model changes for BPOs | Outsource Portfolio

Sun, 04 Jan 2009 22:53:23 +0000

[...] perhaps realizing that given the right volume, the domestic industry can also bulwark against global slowdown. This is especially true for global players setting up their manufacturing bases in India, where [...]

By: Mani

Mani — Thu, 01 Jan 2009 00:51:34 +0000

Kris,
Thanks for the comments. I’m pretty sure that business for all the outsource firms (including Indian outsource firms) reduced significantly and it will continue for some time until US economy recovers from its current recession. Every day I’ve been reading reports that tell how Indian based BPO and IT outsource companies are struggling to keep the business alive. See the following recent news
http://economictimes.indiatimes.com/Infotech/IT_majors_job-hunting_for_employees/articleshow/3916848.cms

http://us.rediff.com/money/2008/dec/31it-sector-hiring-may-drop-by-half-next-year.htm

-Mani

By: Kris

Kris — Sun, 21 Dec 2008 19:49:46 +0000

Hi,
I don’t agree you’re your statement that in short-term outsource business will slow-down for Indian companies. In fact any time economy slows-down, first thing companies do is to reduce their business expanses and outsourcing is the best way to cut cost and improve productivity. For companies those who are already outsourcing will increase it and companies those who are not current outsourcing will start doing it to stay in business.