Barack Obama won the US President Position for the second term in White House, which is really good news for Americans as well as non Americans. But major outsourcers of US products and services might be quite afraid of his anti-outsourcing policies. NASSCOM, a trade association of Indian Information Technology (IT) and Business Process Management (BPM) industry, was quick to reassure members, that anti-outsourcing is US is actually targeted at manufacturing sector in China and not at Indian IT sector as such.
As per the industry experts, Indian IT skills are inevitable for America, as we provide solutions for most of their technical problems. Availability of skilled resources and cost effectiveness are the main factors that attract US to continue IT outsourcing. The difference in operating time zone between Asian and western countries enable them to get their work done after their business hours thus saving any loss of working time. Increased customer service, productivity, and efficiency, are other benefits offered by Indian outsourcers.
NASSCOM expects a positive change in U.S. immigration policies, which can compensate for the shortage of IT skills in the country. They are proposing the US administration to consider introducing service visa, which will help professionals to travel easily and work there. An investment of about $5 billion in the U.S is made by Indian IT companies. Most of the companies are now employing onshore employees for better customer satisfaction. This could generate jobs for the Americans too.
NASSCOM propels the need for the partnership of India and US in developing a skilled workforce in the country, and thus to foster the economic growth of the country. Supply of STEM (Science, Technology, Engineering and Mathematical) professionals in U S will open the gateway for new innovation and technology. The situation will not only improve the economic growth of the country, but also increase employment opportunities.
Over 60 percent of the revenues to US are contributed by domestic IT companies. The uplift of business sentiment is important for healthy growth of U.S economy. IT majors like Infosys, TCS, and Genpact had expressed the hope on resuming normal business course, with the reappointment of Barack Obama as US President.
IT outsourcing industry is expecting a right line of course of action from US to strengthen the economic strand of the country. NASSCOM is trying to clear out the confusion in the air regarding the anti outsourcing policy issued by Barack Obama.