IT Services impact on India

IT Services impact on India
- The study also found that 53% of the science and engineering workforce in the valley is foreign-born, and that one-quarter of immigrant-founded engineering and scientific companies set up in the United States during the past decade were by Indians.
- These companies rang up 52 billion dollars in sales and created 450,000 jobs. No wonder, notes the paper, some business and policy leaders are sounding alarm bells about American competitiveness in general and Silicon Valley's future as a technology leader in particular.

- The Mercury News says there isn't a single major information-technology company in the United States that hasn't set up operations in India.
-IT companies are attracted by low-cost, highly skilled workforce; 3.5 million white-collar US jobs, along with 151 billion dollars in wages, are expected to be outsourced by 2015, with India the top outsourcing destination, the paper says quoting a report by Forrester Research.
-But these companies also see a market of potentially epic proportions, the paper says. Half of India's 1.2 billion people are younger than 25. That's 600 million people coming into their peak consuming years in an economy fueled primarily by
exploding retail growth.