Indian prime minister: opposition to job outsourcing will hurt West [View All]

Yea, when I want to know about my bank deposits, I allways think about calling India. Nothing personel but can't this country generate some work from thier own people. Don't they have like 1.2 billion or something like that. Why the hell do they need to take jobs from US and others?

Posted on Sat, Nov. 29, 2003
Indian prime minister says opposition to job outsourcing will hurt West

http://www.bayarea.com/mld/mercurynews/news/7375962.htm
NEW DELHI (AP) - India's prime minister today said Western workers' opposition to the outsourcing of jobs to India will hurt their companies and their countries' economies.

Prime Minister Atal Bihari Vajpayee attributed the recent surge in outsourcing to visa restrictions blocking the movement of skilled workers to rich countries.

Companies in the United States and Europe are cutting costs by tapping cheap labor in India and other developing countries, particularly in software development and in so-called ``back office'' work such as the handling of customer calls and payroll processing.

Tens of thousands of technology jobs in Europe, mostly Britain, are moving overseas. In the United States the numbers are even bigger.

But Vajpayee said outsourcing means savings and profits for Western economies.

``The resultant boost to the balance sheets and dividend pay-outs are very much in these countries,'' Vajpayee said. ``The increased profits are also plowed back into these economies.''
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on edit: forgot the link, sorry