Crystal Umbrella

A new survey of over 700 employers has shown a growing trend for IT companies relocating employment opportunities abroad. India is the most popular destination for relocating jobs abroad, although Eastern Europe is also proving popular.

The survey spoke to employers across all industries but, of those who claimed to have offshore intentions, nearly half were from the IT sector. Co-authors of the survey, The Chartered Institute of Personnel and Development, stated their belief that such offshore intentions represent a “medium-term concern” for the UK economy.

This is not news to the IT sector in India. In fact, at their principal IT conference, which took place just last week, the Indian IT body Basscom stated its belief that 150,000 IT jobs were likely to be created in the country this year. Their core markets are not currently growing as fast as their healthcare, utility and retail sectors therefore it is expected that IT jobs will be created rather quickly. Nasscom are of the belief that, over the next decade, Asia will account for over a quarter of the total IT and business consumption globally.

Jim Champy of Dell Services consultancy department believes that this year will see Indian companies purchasing more computer services than America and Europe. Speaking to the Financial Times he said that the money spent by Asian companies on IT will soon overshadow their Western counterparts.

TechMarketView analysts backed up this view, stating that IT firms in the West are already scrambling to “get a slice of the Asian action”.