global economic, Technologies,
The global economic uncertainty prevailing in the market does not seem to affect the Indian economy much. A statement released by Wipro BPO, the business outsourcing wing of Wipro Technologies points out that the Indian market has not seen much recession as compared to the West.Technology officer Nithya Ramkumar of Wipro BPO points out that the economic uncertainty will not have any major impact in the near future. 3d laptop This robust growth in the face of uncertainty also opens up new vistas of development in the Indian BPO market.The fearHowever, fears of another financial crisis are also looming high with major clients, particularly in the IT sector, cutting their budgets. This can have a determining effect on the Indian IT industry as a majority of the work is being outsourced to India. Most of the Indian IT companies earn their revenue from market leaders based in the US and Europe and any downfall in the market can affect India.Positive developmentNithya Ramkumar adds that economic slowdown often leads to a lot of opportunities. With the markets touching a new low in US and Europe, investors are looking towards India that has robust growth, even in challenging times.Hope persistsNot all is lost, though. Nasscom has expressed hope that the Indian Information Technology industry will be able to maintain a growth target of 16 to 18 percent this fiscal. According to Keshav Murugesh, the CEO of WNS Global Services Group, much depends on the way, the companies position themselves. wireless hard drive The companies will have to rework their strategies and will have to use outsourcing for increasing efficiencies. Presently many companies take outsourcing as a tool for cost optimization.This trend has to change if sustainable growth in the face of adversity is to be thought about.The Indian BPO sector has been marching ahead, even in tough times and with new challenges emerging on a daily basis, they need to rework their business strategies, keeping in mind the overall impact of the global meltdown.