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Archive Home > 2008 > December > 07 > Recession is unfamiliar territory for India

Recession is unfamiliar territory for India

Downturn begins to gnaw at salaries and work forces at outsourcing firms

By Jeremy Kahn / The Bulletin
December 7, 2008

BANGALORE, India — After years of being blamed for job losses in America and elsewhere, India’s high-tech companies and outsourcing firms are going through a downturn of their own. The global slowdown is forcing them to reduce hiring, freeze salaries, postpone new investments....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.