quasi in rem

Sunday, January 25, 2004

India responds to Omnibus Outsourcing Ban

The Financial Times reports that India has responded to the ban on subcontractors using outsourcing in the omnibus package. The article contains a fascinatin note though: " US federal contracts account for only 2 per cent of India's IT earnings, the bill sends a worrying message to the Indian outsourcing industry, which has been lobbying hard to stave off protectionism."

2%! 2% of all of India's IT earnings are directly funded by U.S. taxpayers. Apparently that works out to almost 300 million dollars. That is 300 million dollars that really should be put back into our own econmy here at home. That makes up for just about all of the other pork in the bill if you ask me.

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