Indian BPOs - Waking up to the Philippines Opportunity?
Indian BPOs - Waking up to the Philippines Opportunity?
India
has a huge problem because of high tax and cheap dollar. However, this solution
should be resolved by tax haven like Cayman Islands, British Virgin Islands and
so on. Their outsourcing business is available for world class business.
Actually,
high US dollar brings about bad influence for India because their rupee is
strong. This influence brings about
decreasing export business which is like outsourcing. It is not only
outsourcing but also common products. These goods will be low price because
they will not be bought by foreign customer. This is called deflationary spiral.
Why
Indian cannot get a profit by storing rupee?
The answer is global standards prohibit printing money when country get
money from exchange transaction. These Indian problems also exist in Japan.
Philippine is also good tax haven
and good infrastructure. They could have a strong connection with Western
culture.
In
conclusion, Indian should use tax haven. Their government doesn’t help their
country and their excellent companies will die. Otherwise, they should build
their companies in foreign countries as headquarters. Repeatedly, this is
almost the same situation as Japan. I've found something congenial in India
since I read this case study.
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