I have never failed to emphasize time and again in this blog how small our planet has become, thanks to the power of the Internet. Messages are sent as if they are spoken words. Pictures and videos are uploaded for the whole world to see, enjoy, hate, or critique. People from different parts of the globe are talking in real time. To sum it all up, sharing information is now very easy, as compared to the days before this technological revolution. The world has, indeed, become smaller.Because of this, companies have found ways to diminish their operating costs. It's called outsourcing. In the past, this is only possible with companies in the same area, relegating some subprocesses (such as after-sales support) to third-party companies solely dedicated to it. Today, however, outsourcing work to people in another country is already possible. The world's number one outsourcing destination, in case you do not know, is India.
Some say that outsourcing work damages the local labor market. This is obvious, as some of the tasks are moved from their home nation to another nation where it is cheaper yet still has a good working quality. On the other hand, this has boosted the economies of the nations which served as outsourcing hubs.
Let us look in this special report about the state of India's outsourcing industry and how it has affected the greater economy.
All UPSable
