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Wednesday, November 5, 2008

Will Barack Obama's victory affect Indian Outsourcing Industry?

--By Sagar Satapathy, Editor-in-Chief

With Barack Obama elected as the 44th President of the United States, every Indian is wondering if his victory will affect the Indian Outsourcing Industry. The million-dollar outsourcing industry in India is looking forward to the United States for its survival. Although the BPO (Business Process Outsourcing) companies are receiving good number projects from the European countries, there is no denying that we still largely depend on the US companies when it comes to outsourcing.

Over 80% of the BPOs and Call Centers in India are regulated by the US companies. During his election campaign, Barack Obama had made some controversial remarks on outsourcing of American jobs to India. If he stands firm on what he said, then it will spell a doom for Indian outsourcing industry.

Barack Hussein Obama has been very aggressive on this issue from the very beginning. Initially, he vehemently opposed the outsourcing of jobs to India, whereas McCain kept a lenient view. At a later stage, Obama admitted that "Outsourcing to India and China is irreversible", which brought relief to millions of call center and BPO employees in India.

However, Obama again fired a fresh salvo against outsourcing during the last stage of his campaign, causing panic in India. Obama announced tax relief for the companies that will create job opportunities in America.

Experts and analysts have different opinions on this issue. Will Obama put a ban on outsourcing? No, says Ganesh Natrajan, Chairman, NASSCOM. "We should not worry about any ban on outsourcing, as it is just not going to happen. Obama might give incentives to job creation in America, but it should not have any adverse impact on Indian outsourcing industry," said Ganesh Natrajan.

Here's the most important question arises, "Can America afford to lose billions of dollars they get every year from outsourcing jobs to India? Will Obama do something that will hit American Economy the most during this global meltdown?" No, he will never do that. Obama knows the importance of Indian outsourcing industry to American economy. Obama knows how much revenue the US gets from Indian IT, ITeS and BPO sectors. His heart may say something, but he will definitely act according to the call of his conscience.

The BPO employees in India must not worry. Outsourcing is here to stay. There may be a slowdown, there may be a saturation. But the outsourcing industry will not collapse. It will firmly stick to the ground with or without Barack Obama.

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