Posts
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-inr-small.gif)
bangalore: If one is to go by the general reaction of the Indian IT industry to US president Barack Obama's tax proposals, all's still well; the phenomenon of outsourcing has an independent momentum and there's little anybody can do to change that trend.
"The tax proposals have nothing to do with outsourcing or offshoring," said Ameet Nivsarkar, vice-president in IT industry body Nasscom.
The proposals, Nasscom said, appeared to be aimed at addressing the tax rate differentials that exist across the world. "It will impact American headquartered companies with overseas operations," Nasscom said.
Jerry Rao, who founded IT firm MphasiS, shared that view. The US tax issue, he said, is irrelevant as far as Indian IT providers are concerned. "It may encourage more US companies to invest and create jobs within that country," he said.
Phil Harkins, CEO of global leadership training firm Linkage and who was in Bangalore on Monday, said President Obama's move smacked of US arrogance: "It has nothing to do with economics, and everything to do with politics. But whatever it may be, nothing can stop the reality of outsourcing.''
Siddharth A Pai, MD of technology analyst firm TPI, said it wasn't the tax benefit or tax loophole that made outsourcing to India flourish all these years. "It's the country's cost and quality advantage, its huge, young labour market and its time zone and demographic advantage.''
Sajai Singh, partner in law firm J Sagar Associates, believes it's important for Obama to try and do whatever possible to solve the issue of unemployment and job losses among Americans. "May be he will be able to find many US citizens jobs as strategists, analysts and leaders, depending on their age and educational profile. But nothing can do away with outsourcing, which is an economic reality.''
But some were less optimistic. Chandramouli C S, director in IT consulting firm Zinnov, said the tax proposals may force American companies to change their outsourcing strategies.
"It may help America to come out of the recession faster, but it could have other implications that may not be good for the world," he said. "Nobody really knows what will happen. The impact on Indian outsourcers depends on the impact on their clients."
"The tax proposals have nothing to do with outsourcing or offshoring," said Ameet Nivsarkar, vice-president in IT industry body Nasscom.
The proposals, Nasscom said, appeared to be aimed at addressing the tax rate differentials that exist across the world. "It will impact American headquartered companies with overseas operations," Nasscom said.
Jerry Rao, who founded IT firm MphasiS, shared that view. The US tax issue, he said, is irrelevant as far as Indian IT providers are concerned. "It may encourage more US companies to invest and create jobs within that country," he said.
Phil Harkins, CEO of global leadership training firm Linkage and who was in Bangalore on Monday, said President Obama's move smacked of US arrogance: "It has nothing to do with economics, and everything to do with politics. But whatever it may be, nothing can stop the reality of outsourcing.''
Siddharth A Pai, MD of technology analyst firm TPI, said it wasn't the tax benefit or tax loophole that made outsourcing to India flourish all these years. "It's the country's cost and quality advantage, its huge, young labour market and its time zone and demographic advantage.''
Sajai Singh, partner in law firm J Sagar Associates, believes it's important for Obama to try and do whatever possible to solve the issue of unemployment and job losses among Americans. "May be he will be able to find many US citizens jobs as strategists, analysts and leaders, depending on their age and educational profile. But nothing can do away with outsourcing, which is an economic reality.''
But some were less optimistic. Chandramouli C S, director in IT consulting firm Zinnov, said the tax proposals may force American companies to change their outsourcing strategies.
"It may help America to come out of the recession faster, but it could have other implications that may not be good for the world," he said. "Nobody really knows what will happen. The impact on Indian outsourcers depends on the impact on their clients."
http://ways2trade.blogspot.com
Free SMS Calls on India Stock Market
DisasterAwareness | Health | Commodities
Chat: 
Google Talk: ways2invest 
Y! messenger: wilint
Google Talk: ways2invest Y! messenger: wilintContact Me: 
0 comments:
Post a Comment