As of now if you see in India, most of the IT companies are firing people because of "growth-slack in America" which is impacting India badly and as of now if you see the growth rate has come down a bit.
Its a very interesting article, worth reading - if you would like to know more about this, you can have a click on this article: "Adverse US impact on Indian outsourcing not for long: Amartya Sen"
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