Global firms hasten march to India back-office

even capturing fraction of this investment
means jobs to lot of people.
http://asia.cnn.com/2002/BUSINESS/asia/04/16/india.outsourcing.reut/index.html

Business Process Outsouring is the next wave in IT services for India. It is the premier destination due to the cost/value paradigm.

As IT services become commodotized to the point where even the chinese can compete, it time to move up the value chain.