As It Tries to Cut Costs, Wall Street Looks to India

As It Tries to Cut Costs, Wall Street Looks to India: "The total outsourcing of business-process jobs by American companies is expected to grow to $136 billion by 2015, from $4 billion in 2000, and create 3.3 million jobs, according to Forrester Research of Cambridge, Mass. An estimated one million of these jobs will move abroad - a trend that dismays some American workers.
China, India, the Philippines and Russia are expected to gain most of the work. And many people expect India to snare much of the highly prized jobs, like the kind Wall Street is starting to export."