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Positive reports may be artificially injected in various publications and research reports but as per Hackett Group, a global strategic advisory firm, India and other labor intensive Asian countries experience growth slowing down theis fiscal due to the threatening global recession.   

There lies the silver lining though, states the report, as firms in North America, Western Europe and other industrialized markets determined to reduce costs and drive proficiency may take help from these cheap labor intensive countries.

Hackett's globalisation and outsourcing practice leader Julio Ramirez said,

But in response to the threat of an economic downturn, many companies are hitting the pause switch on their globalisation efforts.

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