Saturday, July 30, 2011

Indian Jobs Outsourced to China

India was recently rocked by mass protests by employees of business firms all over the country that had outsourced jobs of most of the employees in a bid to cut the cost of running operations in such a faraway country due to the recent cash crunch. Most of these companies are American companies and they had invested in the Indian market finding it to be one of the fastest developing markets in the world. But the recent fall of the US dollar and the dip in the New York Stock Exchange fuelled the outsourcing of jobs, most of which have gone to China.