In 2010 I sat in a meet with an exec from an NYC investment bank with my boss, the ceo of a boutique (not Indians ..) outsourcing consultancy. We were in his of

In 2010 I sat in a meet with an exec from an NYC investment bank with my boss, the ceo of a boutique (not Indians ..) outsourcing consultancy. We were in his office and outside was an entire empty floor of cubicles. He casually mentioned how the outsourced work is "crap" and how they usually end up having to redo the projects up to 3 times. He then went on to say how they outsourced "this floor" and their plans for outsourcing the other floors. The economic equation never made any sense. There is, imo, a geopolitical element to the outsourcing pheonomena in context of software and India (which btw was spearheaded by MorganStanley and friends) back in late '90s: India used to be firmly in the non-aligned group and has had long standing pseudo-aliance with USSR/Russians. Giving the IT sector to India was part of the carrot to get India to shift to the West. China got the manufacturing, India got the software.