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Outsourcing curbs hurting India ?
The Indian PM thinks so!
Deccan Herald reported this
"The prime minister’s concerns about the reigning protectionist sentiments arose as the country’s exports have been worst hit over the last 12 months due to the global economic and financial crisis and it could continue to suffer unless the western countries shed the protectionist sentiment, apart from strong global economic recovery.
India has been particularly concerned over US President Barack Obama’s recent “Say no to Bangalore and yes to Buffalo” remark to American entrepreneurs who outsource from India to cut cost and remain competitive. More than any other sector, the global recession has hit the Indian exports hard.
However, the prime minister left for Pittsburgh amid expectations of an early recovery from the worst global economic and financial crisis since the 1930s. On the eve of his departure for the two-day meet on September 24-25, the prime minister said the global economy and financial markets had shown a distinct improvement since the last G20 summit held in London in April. He, however, sounded a word of caution:
“… we are still not out of the woods.”
Source: Deccan Herald
Deccan Herald reported this
"The prime minister’s concerns about the reigning protectionist sentiments arose as the country’s exports have been worst hit over the last 12 months due to the global economic and financial crisis and it could continue to suffer unless the western countries shed the protectionist sentiment, apart from strong global economic recovery.
India has been particularly concerned over US President Barack Obama’s recent “Say no to Bangalore and yes to Buffalo” remark to American entrepreneurs who outsource from India to cut cost and remain competitive. More than any other sector, the global recession has hit the Indian exports hard.
However, the prime minister left for Pittsburgh amid expectations of an early recovery from the worst global economic and financial crisis since the 1930s. On the eve of his departure for the two-day meet on September 24-25, the prime minister said the global economy and financial markets had shown a distinct improvement since the last G20 summit held in London in April. He, however, sounded a word of caution:
“… we are still not out of the woods.”
Source: Deccan Herald
Tags: ?, India, Outsourcing, curbs, hurting
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