America has viewed outsourcing with stiff skepticism. On the other hand, the pull towards offshoring is something that corporations cannot ignore in the wake of a recession, when cost cuts are imperative.
In the heels of the controversy, Indian outsourcing giants like Wipro, Infosy and Tata Consultancy Services are making a move toward hiring fresh graduates from U.S. campuses. This is welcome news for those politicians and opponents who have been talking about the visa fee hike, and keeping American jobs at home. It is also in the light of other domestic issues like a plethora of illegal immigrants and a health care reform that the offshoring skilled jobs to top outsourcing countries destinations like India, Philippines, China and Eastern Europe.
Indian IT firms will be hiring new engineers who are scheduled to complete their studies in June of this year. This also comes amid recommendations by U.S. majors like GE for Indian software exporters to take the high unemployment rate into consideration.
Most recently, politicians like Charles Schumer of New York had proposed that calls made to call centers outside the U.S. be charged a tariff. However, that bill has not passed. In his trip to India, President Obama had said that the concept of one country taking away another’s country’s jobs is an old fashioned concept. He meant to say that it is no longer true in today’s globalized marketplace.
India has now dominated the outsourcing scene for the last ten to twenty years. It has even held onto a slight growth phase during the recession and the industry is headed for a slow recovery, while other sectors are still trailing behind. Third quarter results released by Infosys, Wipro and TCS reveal a growth in profits and revenues.