Protectionism Worries Indian Outsourcers

Source: PCWorld

February 09, 2010 5:30 AM

India's leading software trade body said on Tuesday that protectionism in key markets could affect the growth prospects of the country's outsourcing industry.

Although market conditions are improving, the industry has to watch out for protectionism in some of its key markets, Pramod Bhasin, chairman of the National Association of Software and Service Companies (Nasscom) said at a conference in Mumbai, according to media reports.

Nasscom forecast last week that India's exports of software services and business process outsourcing (BPO) are likely to increase by 13 percent to 15 percent in the fiscal year to March 31, 2011. In the year to March 31, 2010, it is expected to grow by 5.5 percent to US$50 billion.

Indian industry is however worried by protectionism in the U.S., for example, which has suffered a high number of job losses as a result of the recession.

U.S. President Barack Obama said in January in his State of the Union Address that it is time to slash the tax breaks for companies that ship U.S. jobs overseas, and give those tax breaks to companies that create jobs in the U.S.



Read more: http://www.pcworld.com/businesscenter/article/188853/protectionism_worries_indian_outsourcers.html

Time to take care of our own, first.

all they have to do is make all their software workers drive F-150s. The only fair trade is balanced trade.

Sorry - but the whole "rising tide will lift all boats" scam that was sold to us with NAFTA is a crock. Corporations are sending jobs to the lowest cost centers around the world - they have absolutely NO loyalty to the workers.

"Protectionism Worries Indian Outsourcers"

We have people here desperate for jobs. The cost of living for the average person in the US does not compare to India. We work 2 or more fricken jobs just to take care of our families while ya'll live comfortably. Yes I know working conditions suck there but you talking to someone who spent the last 13 + years working 60 + hour weeks but getting a 40 hr a week salary, that has now been shipped overseas.

2 words: F*CK EM

-p

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Thank you, Thank you who ever you are.

... not the poor Indian workers who are trying to make ends meet just like you and I (with even worse odds stacked against them).

And I am in an industry which has been directly affected by outsourcing, and I have had to live under the fear of outsourcing... and my life has been made orders of magnitude worse because I have been in charge of cleaning a couple of disasters which involved the shoddy results/solutions which many of these outsourcing shops produce (the irony of it all is that at the end of the day, outsourcing ends up being far costlier in the long run). But I will only cheer for protectionism if it has the protection of the American worker as its main goal, not if its yet another knee jerk reaction to protect entitlement to profit by American corporations now that the shit has finally met the proverbial fan.

I fully blame Bill Clinton and the Democrats who 'fast tracked' the trade agreements through which made it cost effective to ship our jobs overseas while lying to us and accepting bribes from the companies we worked for. The fing labor party my old ass...I expect this shit of the thugs...so no, the real culpricks are in fact Democratic Senators, Congressmen, and our own President.

to screw us yet again with his 'Pacific Rim(job) Trade Agreement', that's right, we must be able to compete with those Cambodian and Thai workers or we are chicken shits, after all it will be goooooood for us!

"In this new era, opening other markets around the globe will be critical not just to America's prosperity, but to the world's," Obama said in Tokyo before departing for the APEC forum.

-snip-

"Americans have to get beyond this idea that free trade with Asia destroys their jobs. Both sides can benefit," he said.

http://www.msnbc.msn.com/id/33885964/ns/politics-white_house/

But that isn't the case, and Americans won't tolerate taking a big hit in their standards of living lightly. Bring the jobs back to America, and if they want to compete here, you do it on our terms - just like they do to us, shockingly enough.

I have been in I.T. for a long time and have lost so many jobs to 'Outsourcing' and 'Off-shoring' that I have lost count.

But there is an important difference.

'Outsourcing' is when 'US' Company 'A' hires 'US' Company 'B' to do the work.

This happens often in IT and other industries and is not quite as bad as Off-shoring because it usually means US citizens will continue to be employed.

'Off-shoring' is when US Company A hires another company, from another country, who then sends the work outside of the US to be completed.

Lets call 'Off-shoring' what it really is...Sending US jobs to India!...Where the work is done for far less labor costs then here in the US.

While 'Off-shoring' may save money in the short term, the down sides of Time Difference - Culture Difference - Language Barrier all usually combine to produce an inferior product.

Thus the money saved in labor costs is then spent in product re-work.

Off-shoring is a 'Tecnological Dirty Bomb' waitng to explode and is far worse then any worries we may have about a suitcase Nuke.

All it would take is a few mis-placed lines of computer code to bring many US companies to their knees.

And one wonders where the 'loyalty' of the 'Off-shoring' firms really lies...to their clients or to their country?

The US is hemmoraging jobs and 'Off-shoring' places technological WMD's in the hands of those who do not have the interest of the US or its citizens at heart.

So we must ask our President: If jobs are the number one priority..

When are you really going to penalize companys that send our jobs over-seas?..

When are you going to reduce the number of H1B visas and stem the tide of those who would come into our country and take our jobs?..

executive jobs in this country. Surely some highly-trained(here)Indian CEOS would be happy to work for 50,000 dollar bonuses in place of the 100 million that our CEOs manage to live with.

Jobs for workers...outsourcing for the CEOS who have done the outsourcing.