India - Downturn dents outsourcers' optimism

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India - Downturn dents outsourcers' optimism

India's leading outsourcing firms have traditionally found downturns to be good for business as companies consider ways to save cash. But this crisis is different, with US financial firms cutting back sharply and negative noises emanating from the camp of incoming president Barack Obama. While established players should weather the storm, consolidation pressures will mount and smaller firms may buckle. Ruth David reports.

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