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Recession impacts salaries, attrition in Indian BPO sector
Earlier this month, the association that supports and promotes India’s business process outsourcing predicted a bright future for the sector. While the past year has presented challenges, there is undoubtedly strong growth ahead, NASSCOM said at the CEO Summit 2009. In fact, Som Mittal, the president of NASSCOM, forecast that outsourcing to India is likely to increase threefold by 2020, earning aggregate revenues of $225 billion. "While the short-term challenges exist, the potential for this industry is tremendous and the industry will not be demand constrained," he said.

Other global downturn Related Articles

Dealing with the Economic Downturn with the "Rebound" in Mind
Or……selectively cutting costs to improve the organizations competitive market position. Whenever there is an issue that can affect business success, I am always angered by the way the media focuses the general population on the negative, creating, in some respects, a “self fulfilling prophecy”. As the reports began to magnify the economic downturn, people in all walks of life began to question and curb their own spending, which is what feeds the downturn for businesses. The reality is that a downturn can give smart companies a chance to beat out their competition and prepare the organization for the turnaround.
10 Ways for Freelance Providers to Give Themselves a Raise
The global economic downturn has everyone nervous. However, being a remote freelance provider means that you've already extended your reach beyond your local in-house position, and are ready to take advantage of the exponential increases in outsourcing opportunities in the global marketplace. More businesses are discovering the value of outsourcing to remote freelance workers, and you've already started establishing your reputation. There's no better time than now to hone your competitive freelance edge, both to increase the volume of your work, and to make yourself even more valuable to your next outsourcing employer. Here are 10 ways to boost your freelance marketability - and your hourly rate - even in this economy...
Philippines BPO outsourcing market expected to grow
Experts widely predict that despite the global economic downturn, the demand for business process outsourcing will continue to increase – particularly as firms get creative about ways of driving down costs. Amid this trend, there is evidence that traditionally smaller outsourcing markets such as the Philippines are advancing on larger rivals like India.

The Importance of Financial Education
The recent global economic downturn has served to highlight our deficiencies in the area of financial literacy and has shifted focus to the need for financial education.
How To Maximise Your Marketing In A Recession
Since 2007 the world has seen a significant economic downturn that resulted in a worldwide recession. Whilst many countries are currently in recovery, evidence suggests that the downturn is a long way from over. Marketers will have to fight hard to hang onto their budget and this article suggests ways to make the most of your marketing in a recession.
What Is Financial Literacy And Why Is It So Important?
The definition of financial literacy is "having the knowledge, skills and abilities to undertake responsible economic and financial decisions and actions with a requisite level of competence." The recent global economic downturn has served to highlight our deficiencies in this area and has shifted focus to the need for financial education.

Surviving Difficult Financial Times
Whether we live in a mansion or a trailer, none of us are immune from financial problems when there is a downturn in the global economy, job loss or restructure, etc. But the one thing we can all do is manage our own finances more frugally to keep our heads above water and survive the financial drought.
Global Citizenship in the 21st Century
A perspective from a young person about global citizenship and how it will affect leadership at a global level. Having in mind that many entrepreneurs are coming together locally to build global products/businesses, it's important to understand where the world is moving.

Recent trend of Merger & Acquisition in the Global Economy
After the deep struggling in the financial global downturn, with the new rays of the Sun, the financial outsourcing from India is again on the rapid pace.

2011 Consumer Packaged Goods Marketing Trends
With the recent global economic downturn, most brands and their marketers have had to rethink their advertising, marketing a promotional strategies. Consumer demographics are always shifting. But now more then ever, the changes are rapid and swift. Consumer packaged goods (CPG) manufacturers and their brands must always be on the cutting edge of an ever changing brand-consumer relationship.

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