According to a recent estimate reported by The Times of India, the business process outsourcing (BPO) sector in that country may grow to $50 billion over the next five years, adding 2.5 percent to GDP and employing almost two million people. The USA, said the same report, provides 70 percent of the opportunities for India's BPO market.

Sounds rosy, eh? Some days later, however, BBC World's India Business Report indicated that India's high-tech sector in India feels threatened by the current US slowdown.