The number of new IT and business process outsourcing contracts worldwide dropped year-on-year in the third quarter, with contract values also decreasing, a research firm said.
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Economic problems in the U.S. are likely to lead to cuts in IT budgets, of up to 10 percent in some cases, according to a report released Monday by Offshore Insights, a research and advisory firm in Pune, India.
India’s outsourcing industry has witnessed a rebound in growth, according to the National Association of Software and Service Companies (Nasscom), a trade body.