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  • 1. Weekly News15Nov-21Nov
    Submitted by:
    RAHUL PANJNATHIA
    MBA-2C
  • 2. Infra sector remains largest contributor to India's GDP
    • The infrastructure sector remained the largest contributor to India's GDP among the key sectors reviewed.
    • 3. The survey reviewed the performance of six sectors,namely IT-ITES, realty, power, energy, defence and infrastructure.
  • BPO companies' overseas strength multiplies
    • Mumbai-based BPO company Aegis has more employees overseas (27,000) than in India (20,000).
    • 4. Its operations are spread across ten countries, from the US and Argentina through Kenya and South Africa to Australia.
  • Continues……
    • 24/7 Customer has 3,000 employees in India, and 6,000 overseas, in countries like the Philippines, China, Guatemala and Nicaragua.
    • 5. BPO firms say they are under pressure to set up part of the operations close to customer locations to work closer together and also to avoid charges about job losses in the home country.
  • Continues….
    • But going global, to higher cost locations, means margins get squeezed. But companies say their absolute profits are still growing since the size of the pie, and hence the revenues, are growing.