China to be world’s top outsourcing destination

From Financial Express (India):

Three-quarters of US companies outsourced some or all of their information technology activities in 2004. And that percentage is likely to increase this year, according to a special survey on and offshoring, the Global Outsourcing Report, released by Horasis and Going Global Ventures said.

While a smaller percentage of companies are outsourcing those activities offshore (32%), half of them have cut full-time jobs as a result. India is the most competitive and popular technology outsourcing destination in the world in 2005, according to the report, and China will be the No. 1 technology outsourcing country in 10 years.

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