Area Development
India may have competition from China as a global outsourcing destination for IT services. A report from India's National Association of Software and Services Companies (NASSCOM) says that India will need to make a concerted effort to improve its education and infrastructure during the next three to five years in order to keep its standing as the leader in worldwide IT-BPO. "We know China is moving ahead very rapidly," says Kiran Karnik, president of NASSCOM. He points out that China's IT software and service industry revenues in 2006 were US$12.2 billion, up from just US$2.4 billion in 2000. While this is still relatively far behind India's 2006 revenues of US$30.2 billion, Karnik points to China's educated work force and systematic approach to infrastructure development as key to that nation's rapid growth.