Friday, June 03, 2005

the-economics-of-it-all

Economics has never been my cup of tea. Can you digest this?

Infosys CFO Mohandas Pai says that more than 52% of Infosys is owned by investors and mutual funds based in USA. So in a way, most of the money Infosys makes out of outsourcing US companies goes back to the United States. And everyone's benefiting - the company that outsources, Infosys, employees of Infosys, and the American Investors. The only party that is not smiling all the way is the people who lost their jobs to cheap imported labor. Its interesting to see the economics of it all if this jobs-lost-brigade invests in an India based, US owned firm.

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