Does the improved scenario in the Asian outsourcing market in the second quarter of 2009 indicate recovery of the Asian companie

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According to a recent study conducted by Everest Research Institute, India has attracted a majority of global outsourcing business among all Asian countries. In the second quarter of 2009, 27 new captive centers were set up in Asia, amongst which nine were in India.

On the whole, a large number of offshore centers were set up in Asia in the second quarter of 2009. A high growth was seen in transaction signings and captive setups during this period. The market activities increased from 140 in first quarter of 2009 to 161 in second quarter of 2009, with a combined value of USD nine billion. Although IT outsourcing transactions perked up, a marginal decline was seen in the BPO sector. A 25 percent increase was observed in the number of transactions in the Banking, Financial services and Insurance (BFSI) vertical as compared to the first quarter.
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