BPOs don't see any immediate impact

Wipro BPO , the business process outsourcing arm of Wipro Technologies, onTuesday said it does not see any major impact of global economic uncertainty onthe sector.

"We don't seeany major impact in the near future (because of economic uncertainty),"Wipro BPO Business Technology Officer Nithya Ramkumar told reporters on thesidelines of Nassocom BPO Strategy Summit 2011.

She added that thisalso opens up opportunities for the BPO sector.

"BPO sector isusually a laggard (when it comes to seeing an impact of the economic slowdown)... Economic slowdown also leads to a lot of opportunities," Ramkumaradded.

Fears of anotherfinancial crisis in major markets like the USand Europe has raised concerns of clientscutting their IT budgets, which would impact Indian companies in a major way.

Major Indian ITcompanies earn more than half of their revenues from overseas markets, mainlythe US and Europe.

Earlier this month,ratings agency S&P downgraded the US credit rating, which heightenedconcerns about the fallout of the global turmoil on the Indian IT industry.

Software bodyNasscom has, however, exuded confidence that the Indian IT industry would meetgrowth target of 16-18 per cent growth this fiscal.

"A lot woulddepend on how companies position themselves. Companies look at outsourcing notjust for cost optimisation but also increasing efficiencies. So, such economicconditions actually bring in opportunities for companies like us," WNSGlobal Services Group CEO Keshav Murugesh said.