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'Outsourcing contracts down by 20%' economic slump

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Outsourcing contracts down by 20%

India -- economic slump
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10/20/08 15:14
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Outsourcing contracts down by 20%

It was predicted that due to the global economic slump, the outsourcing industry may take terrible declines--and terrible declines they were.

Outsourcing contracts this quarter show to be 22 percent smaller than last year's. The weakest part of the industry, it shows, is the outsourced financial services sector. However, 2008 is still projected to be relatively strong for the entire industry.

Link: [link]

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