Gulf News

Rising wages may impact exports


India’s software services exports are expected to have risen 33 per cent to $31.3 billion in 2006-07, and are targeted to hit $60 billion by 2010 as firms such as TCS and Infosys take advantage of lowcost labour to grab global outsourcin­g.

But rising salaries are a concern. Wages in India are rising by about 12-15 per cent a year, compared with 2-6 per cent in the West, as companies try to retain ambitious staff.

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