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Obama`s vow on outsourcing to affect IT cos: Pranab
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Obama`s vow on outsourcing to affect IT cos: Pranab
As US President Barack Obama vowed to eliminate tax benefits for American firms shipping jobs to foreign countries, India has said it is against any protectionist move as it would affect its IT industry.
"The IT industry will be affected due to the impact of financial meltdown...substantial number of Indian workers are there..we will have to address this issue...we are opposing protectionism, not only here but at every forum," Finance Minister Pranab Mukherjee told an interview to a news channel.
"We can`t just go for country specific solution for such problem...issue is that our IT industry will be affected," he said.
Source:
http://economictimes.indiatimes.com/articleshow/4204015.cms
"The IT industry will be affected due to the impact of financial meltdown...substantial number of Indian workers are there..we will have to address this issue...we are opposing protectionism, not only here but at every forum," Finance Minister Pranab Mukherjee told an interview to a news channel.
"We can`t just go for country specific solution for such problem...issue is that our IT industry will be affected," he said.
Source:
http://economictimes.indiatimes.com/articleshow/4204015.cms
