Bigger India
Why A Slump In US May Not Be Bad News For Indian IT
Indian firms were among the biggest beneficiaries in the last two recessions as US companies outsourced work offshore for costs, forcing their global rivals such as IBM and Capgemini to replicate their model by ramping up their workforce significantly in India.
A possible slowdown in the US economy is unlikely to hit the growth momentum for Indian IT services companies, say analysts, because their clients in the largest market would outsource more digital technology-led services that they have built over the past couple of years by also hiring local workforce in the US.