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Summary:
The rupee's slide spells good news for Indian tech majors, but statements from Democrats in the US may leave them worried. At the recent Democratic Convention in Denver, former Virginia Governor Mark Warner singled India out as the destination of jobs outsourced from America.
And the Democrats have stepped up the rhetoric on this issue
An important part of the Democratic Party's platform under Barack Obama reiterated during their recent convention in Denver that they would like to generate jobs that stay in America and cannot be outsourced.
However, Republican supporters of John McCain warn that economic ties with India could suffer under this agenda.
Republicans in Minneapolis for their Convention have pointed out that the Republican agenda, with its focus on free trade, favors india. But labor union and Democratic supporters insist the talk against outsourcing is mainly targeted at manufacturing, not the kind of hi-tech jobs currently going to India.
Read More: http://www.ibnlive.com/news/india-singled-out-as-us-outsourcing-debate-h...
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