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Time to ‘Modi-fy’ outsourcing strategies

Time to ‘Modi-fy’ outsourcing strategies

26 May 2014 | The Australian Financial Review

Australian businesses cannot be aloof to the ramifications from the outcome of recent Indian elections as they have outsourced more than 125,000 jobs to India over last decade. Indian share markets have jumped 41 per cent and the currency has sharply appreciated since Narendra Modi was announced as a prime ministerial candidate last September. India has also replaced the ASX in the Top 10 global stock markets.

Effects of Modi’s win might not emerge until 2015 or later, and this provides a short time window for Australian organisations to align their outsourcing strategies to his regime. Australian organisations, particularly in the financial services and education sectors, should expedite their India strategy both to increase revenue and lower their costs.

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