Indian Real Estate Benefiting From US Crisis
May 30th, 2008The whole crisis in the US is giving hope to India. America is the number one outsourcer of India's IT/ITeS business, and recent reports are showing that due to the cheap labor in India and the economy crisis that has hit the US by the high oil prices and the foreclosures recession, American companies are now moving whole sectors and operations to India.
With the high demand of new offices in India, the real estate industry is on full speed, and specialists says that under the pessimistic scenario of the American economy the outsourcing of Indian labor will double the current numbers. But despite the benefits of the outsourcing, the increase on that number has a very negative effect to the US internal growth, especially in difficult times.
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