Yes to Outsourcing
'Bangalored' is the new term for outsourced in the diction of the US President, Barack Obama He is determined to make outsourcing an unattractive proposal by imposing stricter tax norms. He is unhappy with the fact that American firms are preferring the Indians or the Chinese over natives just to lower their operating costs, have a higher profit margin and avoid paying taxes on the higher return by reinvesting offshore. But it is not completely true that the US stands to gain nothing from outsourcing. The companies that have offshore offices expand their business as they now reach a wider section of society and compete with local businesses also. These companies don't hire people only because labour is cheap but because they are talented and meet their standards. So it is because of outsourcing that these companies generate the revenues they do. Obama's new policy will just enable other global players to gain a competitive edge. In this era resorting to protectionist or