India is top among emerging markets

By Tim Ferguson, Special to ZDNet Asia
Thursday, May 03, 2007 07:24 AM

India remains the most attractive country for businesses looking to place some of their operations abroad, according to the latest poll of Silicon.com readers.

ZDNet Asia's sister site asked which of the Bric countries--Brazil, Russia, India and China--readers are most likely to be attracted to in terms of offshoring activity in the next decade.

India gained 38 percent of the reader vote, significantly more than its rivals.

Russia came next, garnering 22 percent of the vote, with Brazil third on 21 percent. China--perhaps surprisingly--trailed in with just 18 percent.

The results support the view that India will remain competitive as an offshoring location for the foreseeable future.

And although the other three countries were fairly well represented in the poll, they still have some catching up to do to topple India.

According to Gartner, Russia is being hindered by a negative image that may still take several years to break down.

But some have warned that the Indian economy could overheat in the near future, meaning China, Russia and Brazil would be well placed to take advantage.

The Bric countries were identified by Goldman Sachs in 2003 as the four countries that would soon become increasingly important economies in global terms, due to their size and scale.

Tim Ferguson of Silicon.com reported from London.


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