This news made a big impact on Indian BPO and Software companies. Indian BPO and Software companies do Jobs outsourced from America. Medical Transcription, Voice Call Processing, Call Centeres and Software development works are outsourced by some US companies to Indian Companies. Indian IT comapnies do this jobs because of the Currency difference between Indian Rupee and American Dollars.
US comapnies outsource Jobs because of Huge Tax they have to Pay there. If the Jobs are done on India then they can save Tax. If US goverment (Obama) lifts Tax or reduce Tax then there is no need for outsourcing of Jobs from US. So this will affect countries like India whose IT Sector basically depends on US and UK Jobs.Even now the IT companies are in Financial Crisis. This news will only help to increase panic in Indian IT Field.
There are so many Educated professionals who do IT Jobs. If Information Technology Collapse in India, then the number of Unemployeed people will increase.
Hope BPO and Software Jobs will not be affected by this Crisis.
Thank You.
