OBAMA'S STACE IN OUTSOURCING

Nasscomm said " obama's stance in outsourcing won't affect india"

"We are not sure whether he had meant outsourcing in the software sector or the manufacturing sector. But I don't think the software exports will be affected or slow down...

Such decisions (to outsource) are determined by economic considerations by (US) companies and they will find a way to remain competitive. Outsourcing is one of those ways," Nasscom President Som Mittal told PTI when asked if Obama's comment is targeted at software services exports from countries like India.

India's software exports led by companies like TCS, Infosys and Wipro draw over 70 per cent of revenue from the US market. The software and services exports segment grew by 29 per cent to register revenues of $40.4 billion in 2007-08, up from $31.4 billion in 2006-07.