India becoming too expensive for tech firms
OUTSOURCING TO INDIA may soon become a thing of the past for small to mid-sized technology firms, due to the increasing costs of rent, salaries and a looming end to the government’s tax holiday.
India’s technology, and especially software industry, has seen spectacular growth over the last few years, tripling in size to reach an astounding $52 billion. But it seems that the bubble may be about to burst.
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