India group: Outsourcing saves U.S. job

Sending software coding and business process jobs out to India have improved employment figures in the United States, says an Indian IT association.

Nasscom (National Association of Software and Services Companies) said it wanted to tell its side of the story by "placing the facts and figures in perspective."

Citing statistics from market research firms such as McKinsey, the body said the United States stands to save over $300 billion over the next six years by shifting some business operations overseas.

"The ITES (IT Enabled Services) /BPO (Business Process Outsourcing) market is likely to touch $142 billion in 2009, against the current cost of $532 billion for these services. The difference of $390 billion represents the net saving the U.S. economy can expect from outsourcing," Nasscom said on its Web site.

News source: ZDNet News - India group: Outsourcing saves U.S. jobs

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