Online edition of India's National Newspaper
Thursday, Apr 22, 2004

About Us
Contact Us
National
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary |

National Printer Friendly Page   Send this Article to a Friend

`Issue being played up by politicians'

MUMBAI, APRIL 21. The United States today said it had about $57 billion surplus in its services account and the issue of jobs being outsourced to other countries was being played up by politicians.

"The United States had about $57 billion in its services account which means that the country was still an exporter of services to the rest of the world and the number of jobs being outsourced is very small in the economy which creates and destroys millions of jobs every year," the U.S. Ambassador, David Mulford, said at a FICCI meeting here.

Describing outsourcing as a hard political issue, he said it was not a problem between India and the United States but a global phenomenon tied with globalisation. "The issue is being demagogued by politicians," he added.

Allaying fears that there was a government policy against outsourcing, Mr. Mulford said there was no legislation in the U.S. that threatened outsourcing in a concrete way.

PTI

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu