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Message 4 of 1
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RE: Hard times hit Bangalore
goldston 1st Mar 2009
Well the IT outsourcing did not take 'millions' of jobs away. It did took hundreds of thousands of jobs away. The real job losses are in the manufacturing sectors, take ford, gm , etc.
Garments ? gone to china, hardware manufacturing? gone to china.
Even safety pins,baby food, pet food, toothpaste etc. now have to imported from china.

And IBM,Accenture etc. are IT services cos from the US, that have operations in these countries, enabling a US co. to make profits from lower costs and win contracts of US companies.
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