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India is one of the largest and fastest growing markets in the world. There are huge business opportunities in sectors like BPO, Information Technology & Communications(IT&C),IT enable services (ITES), Media & Entertainmen, Biotechnology & Life Sciences, Real Estate & Construction, Infrastructure, Aviation, Nuclear Energy, Renewable & Clean Energy, Petroleum & Natural Gas, Food Processing, SMEs, Microfinance, Financial Services and many more.

Institutions and Investors across globe, especially in America and Europe, are constantly looking for opportunities to do outsource business from India particularly in the area of Debt and Equity participation, BPO, Corporate finance, KPO & offshoring, structured finance, project finance, joint venture, cross boarder M&A, trading, strategic tie up.

IBM to cut 5,000 jobs in US; India may gain

NEW YORK: IBM will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of
IBM
the matter told Reuters on Wednesday.

The job cuts will account for over 4 percent of IBM's US workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorized to speak publicly on the issue, said the cuts will mostly be in IBM's global services business, which includes outsourcing and consulting services.

An International Business Machines Corp spokesman declined to comment. The company, which had a total workforce of 398,455 as of end 2008, has not disclosed how many jobs it has cut so far this year, but has said it was making "structural changes" to reduce spending and improve productivity.

IBM, which now earns around two-thirds of its revenue from outside the United States, has been expanding its workforce in emerging markets like India and China.

At the end of 2008, employment in the BRIC countries -- Brazil, Russia, India and China-- totaled around 113,000.

Source: economictimes.indiatimes.com

How will the U.S. compete with growing talent pools abroad?

Outsourcing is no longer just about cheap labor. The number of foreign-educated students returning to their native countries is exploding, creating an offshore talent pool of highly trained workers that never existed before.

It's also no longer just about India and China. Globalization is catching on almost everywhere, creating competition even in the most highly skilled professions and raising the competitive stakes everywhere. The silver lining is that it's also opening new markets that seemed unlikely even five years ago.

Forbes caught up with Robert Kennedy, director of the Global Initiative at the University of Michigan's Ross School of Business.

Forbes: What's driving outsourcing on a macro level?

Robert Kennedy: There are five key drivers. One is a tremendous liberalization on the policy side. In the mid- to late-1980s, the global economy consisted of the U.S., Europe and Japan. Places like India and China were behind Central and Eastern Europe and parts of Africa. They weren't really engaged in the global economy. That's completely changed. Roughly 3 billion people have entered the global economy. They want to buy things, and in order to do that, they have to sell something back to us. They can sell us manufactured goods, and they have a small advantage there. But in services, they have a huge advantage. If you move an automobile manufacturing plant from Michigan to Mexico, you may save 20%. If you move a call center offshore, once you've set it up on a run-rate basis, you'll save 50% to 60%. The advantage in services is that labor costs are a bigger overall percentage.

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04/03/2009 7:00PM ET

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Does that mean China ultimately will move to head-to-head competition with India?

No, China is pretty far behind India and even places like the Philippines and Eastern Europe. It's largely due to a language problem. There are real challenges. Services exports from China will grow, but they won't overtake India anytime soon.

Source: http://www.forbes.com/2009/01/30/outsourcing-globalization-workers-technology-cio-network_0202_outsourcing.html