India is shining!! Outsourcing has brought with it rising purchasing power for its people. This can be witnessed by the fact that there has been a rise in the number of electronic goods companies in India and this is expected to rise further. The number of people earning $4,500 annually in India is expected to double in the next five years so it is expected that people will spend a lot on consumer durables such as fridge, TVs etc.
All this is being attributed to outsourcing which has given an increased pay levels to the Indian population. India has already witnessed one of the highest average salary increases in 2006 in the Asia-pacific region. There is already a craze for finest mobile phones in India and a number of semiconductor companies are setting up their plants over here.
It seems that outsourcing has not only filled the pocket of Indians but also opened a number of business opportunities for a number of companies as a result of this.
