Thursday, January 8, 2009

Satyam Impact and its after math

Satyam Fraud has become the biggest corporate scandal in India.
How will this impact the India outsourcing industry?
There are lots of lobbies with in the U.S who are against outsourcing jobs to
outside U.S and they will surely start leveraging this situation to strengthen their fight against outsourcing. They will start questioning the Indian companies’ corporate ethics, professionalism, governance. How this situation shapes up will also dependon how the Indian government is going to tackle this.

This will also be an opportunity for American software services companies like IBM, Accenture to make use of the situation in terms of competing with other Indian software companies like Infosys, Wipro etc

This is definitely a blow to Indian software service companies and it will take some time to overcome this.

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