The global economy is taking a step towards recovery and large firms are becoming comfortable with spending.
As the transition takes place, Peter Bendor-Samuel, CEO of management, consulting and research firm Everest Group, feels that India will maintain its position as a top outsourcing destination, notwithstanding competition from other locations such as the the Philippines and China. "The reason why buyers are investing in other countries is over concentration and involvement in one location – India. But these countries will not move work away from India. Therefore, we don’t see the central role of India changing," he adds.
(Source: The Financial Express)