Wednesday, November 03, 2004

Outsourcing Continues After Election

Forbes reports Indian business leaders said outsourcing will continue after the election no matter who wins. Now, with president Bush the winner, it appears outsourcing will continue without skipping a beat and has already boosted the software sector on India's stock martket.

"The benchmark Bombay Stock Exchange closed 1.5 percent higher at 5842.54 points, while India's largest National Stock Exchange closed 1.3 percent higher at 1837.40 points. Technology company shares opening higher included Infosys, Satyam and Wipro, all of which have top U.S. clients and have gained from the outsourcing of American business to India. Satyam gained 4.6 percent, Infosys 2.7 percent and Wipro 2.3 percent."

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