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The big question is will China, Russia, Vietnam or Brazil become the future of information technology offshore outsourcing?
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India would continue to lead the IT outsourcing market in 2007 although the battle for supremacy in the outsourcing space could witness a change with Russia emerging as a strong contender during the year, with an expected growth of 40-45% in 2007.
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DarwinSuzsoft has signed the largest offshore services deal in China to date, with India-based Datamatics.
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The impact of rising wages on the economics of offshore has remained a much-debated issue for quite some time now. The latest being Indian wages on the Rise
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Indian offshore service providers are looking forward to challenge the European market. According to Gartner, Inc - European competitors and enterprises within Europe is increasingly seeking to benefit from global sourcing.
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A recent survey by A T Kearney reads that India tops in offshore destination
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Industry experts says that more than 80 per cent of organisations looking to outsource over the next coming years will fail, if they purely think in line of cutting costs.
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India's estimated $8 billion outsourcing industry might stand to benefit from the US slowdown stands.
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As the debates continue on the merits and ethics of getting work done for lower wages than those of local counterparts. But meanwhile, the practice of offshoring has not only become more widespread, it has also begun to grow.
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Last year IT professionals in UK who worked in hardware maintenance roles, on upgrade projects were the ones who where most likely to lose their jobs as a result of the continuing offshore IT oursourcing to regions like India, China, and Eastern Europe.
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As margins remain a concern, most of the pharma companies, health insurance players and health maintenance organisations are looking at alternatives to cut costs and meet the rules mandated by US Food and Drug Administration.
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The technology MNCs have been leading the show with the Indian counterparts lagging behind. The action on the domestic IT market is revving up with certain large outsourcing deals coming through.
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Manoj Kumar a young software engineer was murdered in the Silicon Valley, and this has thrown up the all-important question: how protected are IT professionals in Bangalore?
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After mega global IT outsourcing deals, it is now the turn of mega domestic IT outsourcing deals.
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The alleged threat that "offshore outsourcing" in manufacturing would increasingly move to China, and services to India have inevitably died down over the past three years.
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The US slowdown may have some impact on the revenue and earning growth rates on all major IT companies.
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Just how well you know how good your outsourcing provider are doing on behalf of your business.
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Even as Indian IT services heavyweights like TCS, Infosys and Wipro are on a roll, cranking out impressive growth numbers and staking claim on larger global contracts, even small firms are now rubbing shoulders with their global counterparts when it comes to market capitalisation.
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India's IT, software and electronics companies are confident about prospects for growth of exports in the coming years, with industry leaders saying vast opportunities were opening up in new markets in the Middle East, Africa, South and Southeast Asia and Eastern Europe.
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