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data entry services

India is amongst those countries that have been hit hard by the US subprime meltdown.

It's probably because outsourcing businesses such as data entry services have been one of the key drivers of India's economy in recent times. The outsourcing businesses were the first to feel the heat of the subprime meltdown probably because of the depreciating value of dollar against most of the major world currencies including the Indian Rupee. Dollar depreciation means less pay for the same effort and costs for outsourcing companies and this is exactly how the outsourcing industry has been affected by the subprime meltdown.

 

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Uploaded on April 7, 2008
Taken on April 7, 2008