BPO will be soon a History in India if Mr B O implements his taxation policy for the out sourcing in the US. Some IT sector in India are calling it a populist statement made by Obama to "connect" with the people in the US again, and it will not effect much to India’s IT industry, OK lets say its fine and it will not affect much to IT sector but what about IT enabled services. Are we thinking about them as well.
50% of the US total Outsourcing is done in India. Out of which if we take bare minimum of 15% of the total work we do for USA in India if that minimal percentage also go away from here we’ll be loosing around $3 Billion a year.
It is not only about loosing foreign exchange, it’s about Young Guns loosing their jobs instantly, and the best part is, we don’t have any backup plans for them. Just think how many guys and gals in our friend circle we know who works with BPO industry. I guess, everyone must be knowing at least one person directly or indirectly. Just imagine what would be the total number of Jobless we’ll have in our country if Mr BO implement his plan in the US. Believe me this will affect everyone directly or indirectly. Are we prepared for this? For me I can say “No” I am not prepared and will not accept this. Our government or concern authority has to do something. I am not saying that we should totally dependent on the US market but this is an Economic Age and trade is the main source of Income for any country. Our relation with Pakistan is worst but still we do business of several thousand corers yearly. That means we have to act fast or be prepared for another epidemic. This time it will be called BPO Virus.
Its not only call centre who’ll loose their business. Every associate service provider whether he is involved with the BPO directly or indirectly will loose his business. Right now we are only looking at big loses and ignoring the side effects. Let’s say if all the BPOs have to shutdown their business in India. What will happen to:-
1. Cab Industry
2. Real Estate Developers (who will take space in the IT parks in different cities of the country)
3. How will people commute from one place to another (In Delhi these Cab drivers take passengers on their way back)
4. Canteen Business
5. Multiplexes
6. Purchasing Power (Banking)
7. Brand Industry (Clothing)
8. What about automobile industry. The List is endless…..
In India scenario has changed in last 10 years nobody knew a decade back what does BPO stands for or What is a Call Centre???? At that time situation was different our population was less. Economic revolution in India was just knocking the door for new Business ventures. But now all these businesses are set, now a slight movement will affect the economy very badly. Every person in India is attached to BPO industry directly or indirectly it will affect him/her defiantly.
Though we have good track record of past in coming out of our earlier problems, like we’ve not much affected in 2008 October Share Market Crisis and also at the time of nuclear test in 1998. But this time it is hitting directly to the service industry. May be we’ll come out unhurt, but for that we have to act smart and act now.
Is someone listening……….
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