Indian IT Outsourcing giant Tata Consultancy Service TCS has announced a decrease in salaries as reported in a recent article in the Economic Times of India.
It’s not clear if this is just an issue with the business performance of TCS or is a general economic trend, influenced by rise of the rupee compared to the dollar and talk of a recession in the U.S.
Clearly rising salaries and value of the rupee have hurt the profits of Indian companies in general. American companies are proceeding carefully when outsourcing software development to India these days .
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