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The days of Indian IT body shopping are numbered – how long can this trading business model survive on artificially lowered currency rate facilitated by American rich oligarchs?
The American oligarchs and their surrogates control the American politics. Senator Obama in recent months has been told if he wants to be the US President, he has to follow and serve the American oligarchs just like Bill Clinton and George Bush.
The American oligarchs who like to sell in America and make with cheap labour from India or China facilitate the lower Indian and Chinese currencies. It does not matter whether it is Bush, McCain, Clinton or Obama. They all follow the American oligarchs’ marching orders.
Indian IT industry is a trading pit where young educated brains are traded just like slave trading. These IT companies survive on lower Indian Rupees rate, and nativity of Indian employees who will perform for a few cents on the dollar.
These American oligarchs exploit the Chinese and Indians in their own countries and bring back goods and services to sell in US in American Dollar.
Unfortunately very few Indians have realized this. The Chinese are smarter. They are using these oligarchs till they are ready to throw them out of their country.
But how long can Indian IT body shopping survive given the fact the American economy is in a downward tailspin? These American oligarchs control the world economies and oil. They also control the American politics and policies calling it American democracy. They are allowing Indian native IT companies bring in cyber slaves for exploitation. But the game may be ending abruptly. These American oligarchs never understood that oil will take jump to $150 a barrel crippling American consumers who they have handcuffed with credit cards.
America does not have to outsource IT and call centres. The Dow Jones Industrial Average is already predicting a massive economic depression.
India's bellwether Infosys Technologies Ltd beat expectations with a 21 per cent rise in quarterly profit, thanks to a weaker rupee. The country's second-biggest software firm began the earnings season for the country's IT sector by recording a net profit of Rs 13.02 billion ($303 million) in the first quarter ended June, from Rs 10.79 billion reported a year earlier.
But the honeymoon is over. Even lower Indian Rupees will not help as America faces deepest depression in the last two hundred years.
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