President Obama was hosted by the India’s $50-billion outsourcing industry. After the Democrats came to power. the big Republican win in the US means an embellish down of anti-offshoring discourse that became increasingly blatant. The CEO of one of the top Indian tech firms said that “”If the Wall Street cheers are any indication, it looks like economic sense will prevail in policy decisions, and that’s a good news for outsourcing,” then Som Mittal,president of Nasscom, the country’s apex software and BPO industry association. “For all of us, a vibrant, growing and strong America is good. We hope both the Democrats and Republicans bring back jobs and the economy back on track,” He also said that “The win would mean more checks and balances” In December 2007 the recession began, the Us economy has shes 8.4 million jobs, it is base to a research note put out by the Federal Reserve Bank of San Francisco up to 2,940,000 new new jobs will need to be added every month for bringing the unemployment rate below 8%. The president and the democratic party have acknowledge by taking a populist approach to certain issues, especially unemployment. The senator from the New York, Chuck Schumer censure out at Infosys a few months ago, calling it a chop chop, a derogatory term, which refers to stolen auto shops where parts are demolish to be destroy.
Reference:
http://articles.economictimes.indiatimes.com/2010-11-05/news/27577343_1_outsourcing-industry-unemployment-rate-ted-strickland
