With money in short supply for companies in the West, they are taking their operations and dollars to the cheaper East. India's economy is among those benefiting from the American financial downturn. It is the Great Recession of the 21st century. What started as a collapse in the housing market in the United States has led to hunger and debt crises around the world. And while countries are struggling to protect their interests, Western businesses are increasingly shifting their work east to cut costs.
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Also watch:
- College Graduates in Shock, Regarding Sudden Disappearance of Good Jobs
- 7.9 million jobs lost, many forever
- America Inc. Outsourced to India
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