Bombings in Bangalore; Impact on America
The Bangalore blasts are not the first attack on India, and no one has yet to claim responsibility for the bombing in India. Thaindian News reports that Indian "State Minister for Home Affairs Shakeel Ahmad said that these blasts are well planned act of terror organised by militant organisation but he refrained from naming any particular terrorist outfit." Much of the city has now been shut down as investigations into the source of the Bangalore bombings begins.
Will these bombings in Bangalore, India, impact the future of outsourcing? Utilized by companies such as Microsoft as a way to save money, outsourcing is often criticized for taking jobs away from Americans. In the wake of this attack in India, the issue comes to the forefront again. Should American companies be placing much of their company's consumer interaction in the heart of cities prone to this type of violence? Companies who house their outsourced offices in Bangalore, such as Microsoft, Intel, and IBM, are asking themselves that same question this morning.
In addition, companies who do outsource their work to India awake this morning hoping these Bangalore blasts won't have an impact on their stock prices. In an already touchy American economy, companies and consumers can't afford to handle any more blows. When the stock market opening bells begin to toll, eyes and ears will turn to Bangalore in anticipation of the residual effects that the bombings might have on our own economy. Only time will tell if these bombings in Bangalore, a city many Americans will never visit or see, will impact our own economy.
Americans can expect to see and hear more about the Bangalore bombings today as investigations into their sources begin. With confirmed dead and injured on the way to the hospital, Bangalore is in a state of upheaval. The effect that the blasts in Bangalore will have on America's own downturned economy remains to be seen.
Published by Kelly Herdrich - Featured Contributor in Health & Wellness, Travel and Lifestyle
Kelly has a bachelor s degree in elementary education, raises three young daughters, and recently returned from three years living and traveling overseas. Since beginning her freelance writing career, Kelly... View profile
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5 Comments
Post a CommentI haven't heard this effecting any companies around here but there are many that outsource.
Very interesting. I know we have a lot invested overseas....just interesting that this doesn't seem to make news "waves" here, kwim?
Nice job. anon, New York - not prone to attack???????? Is there a "safe place." I think I understand your point, but it is perhaps a misstatement.
The question you have raised will definitly be on the minds of those who have invested in India but have not followed the history of terrorist attacks in India over the last couple of decades. India is used to handling such situations and things are not going to fall apart and effect the American Economy. Despite the serial blast in the Financial Capital, mumbai , American Investors are very much in the Indian Market today.
Should American companies be placing much of their company's consumer interaction in the heart of cities prone to this type of violence?
Nope. they should stick to cities like New York that are not prone to this kind of violent terrorist attacks.