India Still Tops in Offshoring
OUTSOURCING
NEW DELHI--For next year at least, India is set to maintain its position as the number one location for financial institution offshoring despite increasing competition from China and other Asian nations, according to market participants.
"India will dominate until 2005 but China will ramp up," says Dushyant Shahrawat, senior analyst in the securities and capital markets practice at U.S. financial services market research company TowerGroup, based in Needham, Mass. "No other region will by itself
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