Along with North America and European market, the Asian market is also catching up with more demands in the outsourcing arena. Now setting aside the idea of whether the 'lumpy Asian' market is dependable on the long run or not, lets look at a surprising angle. More than Asia, Japan and Australia (if you consider this as part of Australasia) its India which is creating more demand for the sector. In 2006 India closed transactions worth $2.6 billion.
Siddharth Pai, partner and managing director, TPI Advisory Services India says, "India is a significant market to watch. There is larger demand in India-around four times more-than China. Future growth for service providers in Asia would be from Australia and India." Big transactions in India included Ericsson-Bharti Airtel, Bank of HP-Baroda, Wipro-Dena Bank and Yes Bank, TCS-Tata Teleservices, TCS-Tata Steel.
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