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Projections for the global outsourcing market continue to be strong for India. The recession and its effects on an individual sourcing recipient (company using outsourcing) depend on the drivers of outsourcing for the recipient.
If cost was not one of the drivers than the recession is not likely to change the outsourcing decision. If cost were one of the drivers the recession can:
- cause the recipient to bring the outsource function back in-house if they are going through contraction and need to cut the contract costs on the strategy that by bringing it in house they can shrink it further. They may also end outsourcing because the need for the service is reduced.
- most likely though the recession will reinforce outsourcing benefits and the use of India sourcing providers offers compelling cost benefits.
What else can I help you with?
Impact of recession on Indian equity market?
which type of Impact on Indian market byt Global recession
Is there any impact on India due to the present recission in US?
IT Industry may get impact because most of the IT business came from US. Our economy is strong. Most of the industry produce to cater to national demand. Demand is high in India but production is relevantly insufficient. So, there will hardly be any impact of present recession in US on India. Job Sector: Recession proof jobs: Government Servant, Teachers, Doctors, Cost Accountants and Beauticians.
Has recession hit India?
Yes, India's economy faced a significant impact from the global economic downturn caused by the COVID-19 pandemic, leading to a recession in 2020. However, the country has shown signs of recovery through various governmental measures and economic reforms.
What are the advantages of outsourcing for GM?
With the current recession and GM's customer base, outsourcing their call center operations help save them the cost on maintaining customer satisfaction at a local level.
Recession is spreading like virus examine the impact of recession on stock market and mutual fund?
recession
Is Canada ifds outsourcing to India?
YES
What are Major industries of India?
farming and outsourcing
Which sector in India is affected by recession?
IT
What is the distribution of major industries in India?
Farming and outsourcing
Is outsourcing jobs to India good for America?
Yes
Effects of recession on IT market in India?
simples ,,, recession closing down telesales companies ,,, which use IT daily
Is there a need to regulate the financial services in India What are the different types of regulations relevant to these services Describe the regulatory framework governing this sector in India?
Financial services in India are services provided to customers related to accounting outsourcing, financial outsourcing an example of such a company is Castleton based it can be contacted at http://www.bookkeepingaccounting.co.uk/ for outsourcing services
